Solution-Indicate which accounts are increased to record

Indicate which accounts are increased to record disposition

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Reference no: EM132707844

Finney Company sold a machine for $15,000. The machine originally cost $35,000 in 2012 and $8,000 was spent on a major overhaul in 2015 (charged to the Equipment account). Accumulated Depreciation on the machine to the date of disposal was $28,000.

Problem 1: Indicate which accounts are increased and /or decreased to record the disposition of the machine.

Reference no: EM132707844

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Indicate which accounts are increased to record disposition

Reference no: EM132707844

Reference no: EM132707844

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