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Paper Products Inc

Question 256

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Paper Products Inc. sold two machines in 2021. The following information pertains to the two machines: Paper Products Inc. sold two machines in 2021. The following information pertains to the two machines:   Instructions  a) Calculate the accumulated depreciation on each machine at the date of disposal. b) Prepare the journal entries in 2021 to record 2021 depreciation and the sale of each machine. Instructions
a) Calculate the accumulated depreciation on each machine at the date of disposal.
b) Prepare the journal entries in 2021 to record 2021 depreciation and the sale of each machine.

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