What is the accumulated depreciation for the machine

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Question - Company A sold a machine and recorded a gain of $5 million on income statement. The proceeds from the sale are $10 million. The original cost of the machine is $20 million. What is the accumulated depreciation for the machine when it was sold (in millions)?

1. In its 2013 annual report, Starbucks reported the following (in millions):

Total expenses $14,883.4

Cost of goods sold $11,914.8

Net income $8.8

2. What amount of revenues did Starbucks report for the year?

3. Which of the following accounts will not be affected by the sale of a long-term asset?

Reference no: EM132715648

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