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On April 1,2015,Hogan Industries Scrapped a Machine That Cost $10,000

question 12

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On April 1,2015,Hogan Industries scrapped a machine that cost $10,000 and had accumulated depreciation through December 31,2014,of $10,000.Prepare the journal entry to record the disposal of the machine.


Definitions:

Risk-Free Portfolio

An investment group that is considered to have no risk of financial loss, typically represented by government bonds.

Expected Rate

The return that an investor anticipates or forecasts receiving on an investment over a set period.

Correlation Coefficient

A statistical measure ranging from -1 to 1 that indicates the strength and direction of a linear relationship between two variables.

Covariance

A measure that demonstrates how two random variables move together, indicating the direction of their linear relationship.

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