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Business, 17.06.2020 23:57 ceeejay0621

On January 1, 2013, US Manufacturing purchased a machine for $ 830,000. The company expected the machine to remain useful for ten years and to have a residual value of $ 60,000. US Manufacturing uses the straight-line method to depreciate its machinery. US Manufacturing used the machine for six years and sold it on January 1, 2018, for $ 300,000.1. Compute accumulated depreciation on machine on January 1, 2018.2. Record the sale of the machinery on January 1,2018.

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On January 1, 2013, US Manufacturing purchased a machine for $ 830,000. The company expected the mac...

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