Exercise $8-4$A $($Algo$)$ Determining the cost of an asset LO $8-1$

Southwest Milling Compuny purchased a fronternd loader to move stacks of lumber. The loader had a list price of $$15\mathrm{.}940.$ The seller ef acquing the loader. The loader had a four year unetul life and an expected salver wabe of $$8\mathrm{.}200$

Reterired

b$.$ Recond the prothase in general journal formut.