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On January 1, Year 1, Young Company purchased a machine for $6,000.It had an estimated salvage value of $1,200 and a life of six years.The straight-line method of depreciation was used.At midyear in Year 4, Young sold the machine for $4,500 cash.
Required:
a. What is the book value of the machine at the time of the sale?
b. Give the journal entry to record the sale of the machine.
Cardiorespiratory Fitness
The level at which the heart, lungs, and muscles work together during exercise for an extended period.
Target Heart-rate
The optimal heart rate zone for maximizing cardiovascular benefits during exercise, usually a percentage of your maximum heart rate based on age.
Maximum Heart Rate
The highest number of heartbeats per minute during maximum physical exertion.
Rockport Walk Test
A fitness test designed to estimate an individual's aerobic capacity and cardiovascular fitness by measuring the time it takes to walk a mile as fast as possible.
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