What are the balances for the Machine account

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Reference no: EM132643601

Question - XYC buys a precision medicine instrument an earlier year for $150,000. This is the only depreciable property owned by the company.

At January 1, Year 6 accumulated depreciation on the machine was $40,000. Depreciation expense for Year 6 is $15,000.

After the adjustments are recorded and posted at December 31, Year 6, what are the balances for the Machine account and the Accumulated Depreciation account?

Reference no: EM132643601

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