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Business, 19.12.2019 03:31 ssuereichard
Bowie company uses a calendar year and the straight line depreciation method. on december 31, 2018, after adjusting entries were posted, bowie company sold a machine which was originally purchased on january 1, 2015. the historical cost was $22,000, the salvage value assumed was $1,000 and the original estimated life was five years.. it was sold for $3,800 cash. using this information, how much should be recorded on december 31 for the gain or (loss)?
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Bowie company uses a calendar year and the straight line depreciation method. on december 31, 2018,...
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