$8$ Homework $(15$ pts$)$

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Exercise $8-18($Static$)$ Partial$-$year depreciation; disposal of plant asset LO P$2$

Rayya Compary purchases a machine for $$105,000$ on January $1,2021\mathrm{.}5$traght$-$line deprecistion is taben each yew for four peas assuming a seven$-$yese life and no salvage value. The machine is sold on dily $1,2025,$ during its fith year of senice$.$

Prepare entries to record the partial year's depreciation on hil $1,2025,$ and to record the sale under each separabe shation.

$*$Book

$(0)$ The machine is sold for $$45\mathrm{.}500$cash.

$(2)$ The machine is sold for $$25,000$cash.

Hert

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Pirs

Journal entry worksheet

Aeferences

$1$

$2$

$3$

Record the depreciation expense as of July $1.2025.$

Note: Inter debits before credirs.

$\backslash$table$[[5173015,$Account Title,Detal,Credt$],[$duly $01,2025,,,],[,,,],[,,,],[,,,],[,,,]]$

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