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What entry would Riverbed make to record the sale

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Question - Riverbed Company has an old factory machine that cost $54,000. The machine has accumulated depreciation of $30,240. Riverbed has decided to sell the machine.

(a) What entry would Riverbed make to record the sale of the machine for $27,240 cash?

(b) What entry would Riverbed make to record the sale of the machine for $17,240 cash?

Reference no: EM132435990

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