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A. Using the information shown, record the journal entry for the sale of the facility for $26,450. Assume that the sale took place on July 1, 2013, six months after the facility was written down. Record the journal entry made to update the books prior to the sale.
B. In addition, assume that the new technology that made the Mixer owned by the company has been determined to environmental unsound and has been called off the market. The estimated revenues generated by the Mixer are recalculated to a total of $150,000 over the next four years. Explain what Ryadom Industries must do regarding its asset accounts regarding this turn of events.
Blur
implies a lack of clarity or distinctness, often resulting in confusion or ambiguity in various contexts, including visual perception or understanding of information.
Technological Changes
Entail the adoption of new technologies and the adaptation processes organizations undergo to implement these technologies, impacting work processes and employee roles.
Rapidly Accelerating Rate
A pace of change that is increasing swiftly and often unexpectedly, frequently used in the context of technology, growth, or environmental changes.
Verbal Immediacy
The use of language to express closeness and reduce the psychological distance between individuals.
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