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braun 1935 1 outline Hemaining Time: 15 minutes, 56 seconds Question...

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Accounting

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braun 1935 1 outline Hemaining Time: 15 minutes, 56 seconds Question Completion Status Question 1 5 points A machine cont $10,000 and has accumulated depreciation of $44.000 on December 31, 2014 Nom the machine had a tar value of $32.000 and has been exchanged for a sama muachine with a far value of $96.000 and the proper amount of cash ispad The exchange la Commercial substance Requirement Prepare the necessary journal entry to record the above exchange

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