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ABC International sells a machine for $35,000 in cash on December 31, 2019. Initially this asset was purchased on 01 January 2013 for $100,000 with the estimated useful life of 10 years. Please prepare
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19 votes
19 votes
ABC International sells a machine for $35,000 in cash on December 31, 2019. Initially this asset was purchased on 01 January 2013 for $100,000 with the estimated useful life of 10 years. Please prepare the journal entry and supporting calculations for this asset sale transaction.

User Angelo Di Donato
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2.5k points

1 Answer

26 votes
26 votes

Answer:

$1000023033500

Step-by-step explanation:

100000*35000

User Ben Rubin
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2.2k points
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