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What are the necessary journal entries to record the sale

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Question - On June 30, 20x9 the BB Wolf Company sold for $9,000 machinery that was purchased for $20,000 on January 1, 20x5. The balance in Accumulated Depreciation was $8,000 as of December 31, 20x8. Assume BB used straight-line depreciation, a ten year life, and no salvage value. What are the necessary journal entries to record the sale?

Reference no: EM132441616

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