A company purchased a computer system on jan 1 2001 for

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A company purchased a computer system on Jan 1, 2001 for $1,600,000. Prepare the journal entries to record depreciation for the first 6 months of 2003 an the sale of the computer assuming it is sold on July 1,2003, for $1,000,000 cash. The straight-line method of depreciation was used bases on an expected life of six years and a salvage value of $130,000.

Reference no: EM13581800

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