How much is rent expense on dec

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Problem 1: If the computer will be sold on Jan 1, 2021 for 110,000, how much is the gain or (loss) on sale? (Indicate gain or (loss) in your answer)

Problem 2: A copying machine was rented for 4 months on Dec. 1 for 4,000. The expense method was used to record the original entry, how much is rent expense on Dec. 31?

Reference no: EM132808481

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