During the current year, Rayon Corporation disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following:

The machines were disposed of in the following ways:
a. Machine A: Sold on January 2 for $ 33,500 cash.
b. Machine B: On January 2, this machine suffered irreparable damage from an accident and was removed immediately by a salvage company at no cost.
Required:
1. Give the journal entry related to the disposal of Machine A on January 2 of the current year.
2. Give the journal entry related to the disposal of Machine B on January 2 of the current year.

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Estimates Machine Life Residual Value Depreciation Method 7 years 40.000 hours 4 years $1,100 900 2,000 Straight-line Units-of production Double-declining-balance