Kevin and gloria got together with the documentation and

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Kevin and Gloria got together with the documentation and began to review the long-term asset activities. On January 15, 20x7, the company disposed of a stamping machine. The machine was originally purchased on January 15, 20x0 for $84,000. The machine was estimated to have a useful life of 10 years with a zero salvage value. No effort was made to sell or trade the machine because the machine was broken beyond repair. $100 was also paid to a salvage company to disassemble and remove the machine from the plant.

Reference no: EM13581555

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