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Zimmer Company sold the following two machines in 2021 Machine A Machine B Cost $76,000 $80,000 Purchase date 7/1/17 1/1/18 8 years 5 years $4.000

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Zimmer Company sold the following two machines in 2021 Machine A Machine B Cost $76,000 $80,000 Purchase date 7/1/17 1/1/18 8 years 5 years $4.000 $4,000 Useful life Salvage value Depreciation method Date sold Sales price Double-declining balance Straight-line 7/1/21 $35,000 8/1/21 $16,000 Journalize all entries required to update depreciation and record the sales of the two assets in 2021. The company has recorded depreciation on the machines through December 31, 2020. (Credit account titles are automatically indented when the amount is entered Do not indent manually. If no entry is required, select "No Entry for the account tities and enter for the amounts) Machine A Date Account Titles and Explanation Debit Credit July 1 (To record depreciation expense) July 1 (To record the sale of asset) Machine B Date Account Titles and Explanation Debit Credit Aug. 1 (To record depreciation expense) Aug. 1 (To record the sale of asset)

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