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Business, 16.12.2019 23:31, Zhodges5020
Larkspur corporation owns machinery that cost $20,400 when purchased on july 1, 2017. depreciation has been recorded at a rate of $2,448 per year, resulting in a balance in accumulated depreciation of $8,568 at december 31, 2020. the machinery is sold on september 1, 2021, for $10,710. prepare journal entries to (a) update depreciation for 2021 and (b) record the sale.
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Larkspur corporation owns machinery that cost $20,400 when purchased on july 1, 2017. depreciation h...
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