aassaapp Raine Company has a machine that originally cost $68,000. Depreciation...
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Accounting
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Raine Company has a machine that originally cost $68,000. Depreciation has been recorded for five years using the straight line method, with 55.000 estimated salvage value at the end of an expected nine-year life. After recording depreciation at the end of the filthyear, Raine sells the machine. x a. Calculate the book value of the machine at the end of tive years, $ (3,400) b. Calculate the gain/loss on the sale of the machine for 537.000 cash $ 4,000 IL 533,000 cash 5 0 . 528,000 cash, s 15,000) Enter losses using negative numbers
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