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Game Company's computer was destroyed by fire.The computer originally cost $6,000,and accumulated depreciation to the date of the fire was $1,900.The company received $2,000 from an insurance policy that covered the computer and will use that money to help pay for a new computer.Prepare the general journal entry to record the loss of the computer and the receipt of cash from the insurance company.
Underemployment
A situation in which workers are employed below their skill level or work fewer hours than they would prefer.
DVCs
Digital Video Cameras, electronic devices used to capture video in a digital format.
Currency Appreciation
The increase in the value of one currency relative to another in the foreign exchange market, often impacting international trade and economic balance.
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