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Category > Business & Finance Posted 06 May 2017 My Price 7.00

Disposal of an Asset

Disposal of an Asset

Aeronautics Company purchased a machine for $115,000. The machine has an estimated useful life of eight years and a salvage value of $7,000. Journalize the disposal of the machine under each of the following conditions. (Assume straight-line depreciation.)

1. Sold the machine for $97,000 cash after two years.

2. Sold the machine for $36,000 cash after five years.

 

Answers

Alpha Geek
(8)
Status NEW Posted 06 May 2017 03:05 PM My Price 7.00

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Attachments

file 1494083798-2088270_1_636295506408520380_Asset-Disposal-journal.xlsx preview (139 words )
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