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Business, 25.12.2019 00:31 Mamiwork2

Adelphi company purchased a machine on january 1, 2017, for $70,000. the machine was estimated to have a service life of ten years with an estimated residual value of $5,000. adelphi sold the machine on january 1, 2021 for $24,000. adelphi uses the double declining method for depreciation. using this information, how much is the gain or (loss) for the equipment sale entry made on january 1, 2021. enter a loss as a negative number.

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Adelphi company purchased a machine on january 1, 2017, for $70,000. the machine was estimated to ha...
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