Business, 13.03.2022 07:10, mjweed3381

XYZ Company sold the following two machines in 2012: Machine A Machine B Cost $82,000 $60,000 Purchase Date April 1, 2007 January 1, 2010 Useful Life 6 years 5 years Salvage Value $4,000 $2,000 Depreciation Method Straight-Line Double-Declining Balance Date Sold July 1, 2012 August 1, 2012 Sales Price $20,000 $12,000 The journal entry to record the gain or loss on the sale of Machine B would include a:

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XYZ Company sold the following two machines in 2012: Machine A Machine B Cost $82,000 $60,000 Purcha...