Strategic Sales Purchased a Machine on January 1, 2010 Which

question 116

Essay

Strategic Sales purchased a machine on January 1, 2010 which cost $210,000, had a residual value of $10,000 and a useful life of 5 years.
Strategic Sales can replace this machine with one that is more efficient and sells the old machine for $45,000 on July 1, 2012.
Prepare the appropriate journal entry to record the sale of this machine, assuming the company uses the double-declining-method of depreciation.

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Definitions:

Family Relationships

The bonds and dynamics between members of a family, which can include emotional, psychological, and socio-economic interactions.

Postrefusal Sexual Persistence

Behavior where an individual continues to pursue sexual activity despite the refusal or non-consent of the other party.

Sexual Contact

Any form of touch or interaction between individuals that is intended to stimulate or result in sexual arousal or gratification.

Affirmative Consent

A clear, voluntary agreement to engage in specific sexual activity, communicated by words or actions.