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Review problem of the pine company

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Reference no: EM131830482

Question: Pine Company had the following assets on January 1, 2017

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During 2017, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $12,000. The truck was discarded on December 31

Instructions: Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2016.

Reference no: EM131830482

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