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1. Chan Company sells office equipment on September 30, 2010, for $20,000 cash. The office equipment originally cost $72,000 and as of January 1, 2010, had accumulated depreciation of $42,000. Depreciation for the first 9 months of 2010 is $5,250. Prepare the journal entries to
(a) Update depreciation to September 30, 2010, and
(b) Record the sale of the equipment.
Write a 1750- to 2,050-word paper in APA format with citations and references that provides a financial comparison of the two companies and your recommendations to improve the financial status of each.
a company borrowed 50000 cash from the bank and signed a 6-year note at 7. the present value factor for an annuity for
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In recording the purchase, Henner Corporation recorded Machine A at acost of $50,400. Calculate the cost assigned to Machine B. Do not use decimals in your answer.
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