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On 31 December 2023, a machine with a cost of $150 000 has accumulated depreciation...

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Accounting

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On 31 December 2023, a machine with a cost of $150 000 has accumulated depreciation of $90 000. If the machine was sold for $80 000 on 1 January 2024 how much will be recognised as the "Carrying amount on the disposal of machinery"? $60 000 $90 000 $80 000 $150 000

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