Assume that on 1 January 2026, the net written down value of the sausage- making machine...
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Assume that on 1 January 2026, the net written down value of the sausage- making machine was $11,375 (with an original cost base of $47,400 and SSS accounts for depreciation using the double-declining method on an annual basis). On the morning of 1 July 2026, SSS sold the sausage-making machine for $9,000 cash. Prepare the journals to correctly record this sale. Assume that on 1 January 2026, the net written down value of the sausage- making machine was $11,375 (with an original cost base of $47,400 and SSS accounts for depreciation using the double-declining method on an annual basis). On the morning of 1 July 2026, SSS sold the sausage-making machine for $9,000 cash. Prepare the journals to correctly record this sale.
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