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Business, 22.04.2020 03:12 edgytaehyung

Pacifica Manufacturing retired a computerized metal stamping machine on December 31, 2011. Pacifica sold the machine to another company and did not replace it. The following data are available for the machine: Cost (installed), 1/1/2006 $920,000 Residual value estimated on 1/1/2006 160.000 Estimate life as of 1/1/2006 8 years The machine was sold for $194,000 cash. Pacifica uses the straight-l ine method of depreciation. Hide 1. Prepare the journal entry to record depreciation expense for 2011

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Pacifica Manufacturing retired a computerized metal stamping machine on December 31, 2011. Pacifica...

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