Question: Problem 1 0 points On January 1 , Year 5 a company discarded a machine that had cost $ 1 0 , 0 0 0

Problem 10 points On January 1, Year 5 a company discarded

Problem 10 points On January 1, Year 5 a company discarded a machine that had cost
$10,000 and had accumulated depreciation of $8,000 as of December 31, Year 4. The asset
had a 5-year life and no salvage value. Prepare the journal entry to record the discarding of
this asset in Year 5.
a machine that had cost $10,000 and had accumulated depreciation of $8,000

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