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Company management decided to discard a machine. The machine cost $ 250,000, had accumulated depreciation...

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Accounting

Company management decided to discard a machine. The machine cost $ 250,000, had accumulated depreciation of $ 250,000, and was scrapped as junk. The machine was depreciated on a straight-line basis, with a useful life of 7 years, and a $ 25,000 salvage value. What journal entry is required to record the disposal of this machine? Multiple Choice Cash $ 25,000 Accumulated Depreciation Machine

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