Question: Question 5 Maxim Sdn Bhd bought a machine for RM100,000 and sold the machine for RM40,000 in cash, after having compiled RM65,000 of accumulated depreciation.

Question 5 Maxim Sdn Bhd bought a machine for RM100,000 and

Question 5 Maxim Sdn Bhd bought a machine for RM100,000 and sold the machine for RM40,000 in cash, after having compiled RM65,000 of accumulated depreciation. Required: Prepare the journal entries to record the disposal of machine. [8 marks)

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