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Prepare the journal entry to record the disposal of machine

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Reference no: EM132671215

Disposal of an Operating Asset

On August 30, Williams Manufacturing Company decided to sell one of its fabricating machines that was 15 years old for $4,170. The machine, which originally cost $100,000, had accumulated depreciation of $97,500.

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Problem 1: Prepare the journal entry to record the disposal of the machine. If an amount box does not require an entry, leave it blank.

Reference no: EM132671215

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