please record the jourbal entry for this qeustion ignore the numbers written...
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Accounting
please record the jourbal entry for this qeustion
ignore the numbers written inside the tavle they are bound to be wrong
Question 3: Whale Shark Company (WSC) purchased a machine on January 1, 2016 for $300,000. The machine has an estimated useful life of 5 years, and its residual value is 5% of the original cost. The company uses double declining balance method of depreciation. At the end of its 2 years of use, WSC sells the machine for $140,000, A. Prepare the journal entry to record WSCs sale of the machine at the end of the 2 years Description cash Credit Debit 140k 192 AC GAIN: for disposable ass Equip 300
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