Please, and thank you the straight-line method to depreciate its machinery. ABC Manufacturing used...
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Accounting
Please, and thank you
the straight-line method to depreciate its machinery. ABC Manufacturing used the machine for two years and sold it on January 1, 2022 , for $300,000. Read the 1. Compute accumulated depreciation on the machine at January 1, 2022 (same as December 31, 2021). The accumulated depreciation is 2. Record the sale of the machine on January 1, 2022. (Record debits first, then credits. Exclude explanations from any journal entries.)
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