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Thornton Company has an old factory machine that cost $60, 500. The machine has accumulated depreciation of $33, 880. Thornton has decided to sell the

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Thornton Company has an old factory machine that cost $60, 500. The machine has accumulated depreciation of $33, 880. Thornton has decided to sell the machine. (a)What entry would Thornton make to record the sale of the machine for $30, 250 cash? (b)What entry would Thornton make to record the sale of the machine for $18, 150 cash

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