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they are 3 parts, Thanks in advance 1103 Required information Problem 8-6A Disposal of plant assets LO C1, P1, P2 [The following information applies to

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1103 Required information Problem 8-6A Disposal of plant assets LO C1, P1, P2 [The following information applies to the questions displayed below) Onslow Co. purchased a used machine for $240,000 cash on January 2 On January 3, Onslow paid $8,000 to wire electricity to the machine and an additional $1,600 to secure it in place. The machine will be used for six years and have a $28,800 salvage value Straight line depreciation is used on December 31, at the end of its fifth year in operations, it is disposed of Book Problem 8-6A Part 1 rences Required: 1. Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incurred, View transaction list View journal entry worksheet Prey 1 2 3 of 3 Next > soa Help Problem 8-6A Part 1 13 Required: 1. Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incurred View transaction list Journal entry worksheet ces Record the purchase of a used machine for $240,000 cash. Note: Enter debits before credits Prey 1 2 3 of 3 Next >

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