https:/ew | | a Search 80% Rayya Co. purchases and installs a machine on January 1, 2017, at a total cost of $ 1 159.600. Straight- ine depreciation is taken each year for four years assuming a seven-year life and no salvage value. The machine ts disposed of on July 1, 2021, during ts fith year of Prepare entries to record the partal years depreciation on July 1. 2021, and to record the disposal under service 34 points () The machine is sold for $68,400 cash. ( in a fire. (2) An insurance settlement of $54,720 Is received due to the machine's total Journal entry worksheet July 01, 2021 O Type here to search