Solved: What amount will be debited in the december 31 2005, Accounting Basics

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What amount will be debited in the december 31 2005

Question - Southern Materials owns 75% of Western furniture's common stock. On december 31 2005, southern sells a machine costing $65,000 with 15,000 accumulated depreciation at the date of sale to western for $36,000. What amount will be debited in the December 31, 2005 worksheet elimination for the machine account as a result of this transaction?

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Accounting Basics: What amount will be debited in the december 31 2005

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