tangible benefits large stone stone crushing machine sell at a loss in calgary

tangible benefits large stone stone crushing machine sell at a loss in calgary

To illustrate, assume that on 2016 August 1, Ray Company sold amachinefor $1,500. When purchased on 2008 January 2, themachinecost $12,000; Ray was depreciating it at the straight-line rate of 10% per year. As of 2015 December 31, after closing entries were made, themachine’s accumulated depreciation account had a balance of $ 9,600

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