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View Policies Current Attempt in Progress At December 31, 2019, Marin Enterprises reported the following as plant assets. During 2020 , the following selected cash
View Policies Current Attempt in Progress At December 31, 2019, Marin Enterprises reported the following as plant assets. During 2020 , the following selected cash transactions occurred. Journalize the above transactions. The company uses stra ght nine deptect at lon for buildings and equipment. The buildings are estimated to have a 50-year life and no residua value. The equigment is estimated to have a 10 -year useful life and no residual value. Update depreciation on assets disposed of at the time of sa le on tetir ernent (Credit account titles are automatically indented when a (To recard sale of equipment) Cash Gain on Disposal of Plant Assets Equipment (To record depreciation) indent manucily) Dec.31 Deprectatlon Expense (To record building depreciation) Deci 31 Accumilated Depreclatlon-Equipment (To record equipment deprecition) eTextbook and Media List of Accounts Prepare the plant assets section of Marin's statement of financial positionat December 31. 2020 . 1list Property piont and equipment in order of land, buildings and equipment.)
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