Bylie Company has an old factory machine that cost $50,000. The machine has accumulated depreciation of $28,000.

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Bylie Company has an old factory machine that cost $50,000. The machine has accumulated depreciation of $28,000. Bylie has decided to sell the machine.
(a) What entry would Bylie make to record the sale of the machine for $25,000 cash?
(b) What entry would Bylie make to record the sale of the machine for $15,000 cash?
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Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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