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The company has chosen dispose of machinery with a cost of $200,000 and accumulated depreciation at the date of disposal of 102,000. Journalize the following
The company has chosen dispose of machinery with a cost of $200,000 and accumulated depreciation at the date of disposal of 102,000. Journalize the following entries:
A. Threw out the old machinery.
B. Sold the machinery for $106,500 cash
C. Sold the machinery for $74,300 cash
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