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Snark Corp., on March 31, 2020, sold an old machine that originally cost $58,000 and had accumulated depreciated of $54,000 over its lifetime. a) Give
Snark Corp., on March 31, 2020, sold an old machine that originally cost $58,000 and had accumulated depreciated of $54,000 over its lifetime.
a) Give the journal entry to record the sale if the machine sold for $4,000.
b) Give the journal entry to record the sale if the machine sold for $2,400.
c) Give the journal entry to record the sale if the machine sold for $8,500.
d) Give the journal entry if the machine is simply thrown away with no cash received.
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