Write the journal entry and analyze by cpa way

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Machine purchased at $ 44,000 five years ago now has a net book value of $ 33,000. A similar but more efficient machine will become available in February 2021. Ray plans to sell the aging equipment for $ 22,000, and replace it with the new product when it comes on the market.

Problem 1: Write the journal entry and analyze it by cpa way

Reference no: EM132753960

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