Larkspur corporation owns machinery that cost $20,400 when purchased on july 1, 2017. depreciation has been recorded at a rate of $2,448 per year, resulting in a balance in accumulated depreciation of $8,568 at december 31, 2020. the machinery is sold on september 1, 2021, for $10,710. prepare journal entries to (a) update depreciation for 2021 and (b) record the sale.

answer; /// blank(1); increases; blank(2); decreases;

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

answer; conceptual skills;