Explain the journal entry


On January 1, 2013, Horton Inc. sells a machine for $22,300. The machine was originally purchased on January 1, 2011 for $43,500. The machine was estimated to have a useful life of 5 years and no residual value. Horton uses straight-line depreciation. Make the journal entry to record this transaction.

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Accounting Basics: Explain the journal entry
Reference No:- TGS0677531

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