Hertzog Company purchased and installed a machine on February 1,2014, at a total cost of...
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Accounting
Hertzog Company purchased and installed a machine on February 1,2014, at a total cost of $72,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no residual value. The machine was disposed of on July 31,2017. Assuming the machine was sold for $22,000, prepare the general journal entry to record the disposal
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