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A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $35,000 cash.
Required:
Part a.Prepare the journal entry to record this transaction.
Part b.Explain how this transaction would be reported on the statement of cash flows prepared using the indirect method.
Potential Customers
Individuals or organizations that are considered likely to purchase a company's products or services but have not yet done so.
Home Care Business
A company that provides medical, therapeutic, or personal care services to individuals in their own homes.
Feasibility Study
A preliminary study conducted to ascertain how plausible a proposed project or system is, factoring in economic, technical, legal, and scheduling considerations.
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