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disposal of old milling machine

Exercise 1016 diaz company owns a milling machine that cost 250,000 and has accumulated depreciation of 182,000. prepare the entry to record the disposal of the milling machine on january 3 under each of the following independent situations. 1 the machine needed extensive repairs, and it was not worth repairing. diaz disposed of the machine, receiving nothing in return. 1 diaz sold the.

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