Question: i need help with 3, 4, and 5 please The property, plant, and equipment section of the Jasper Company's December 31,2023 , balance sheet contained

i need help with 3, 4, and 5 please

sheet contained the following: The land and building were purchased at the

The property, plant, and equipment section of the Jasper Company's December 31,2023 , balance sheet contained the following: The land and building were purchased at the beginning of 2019 . Straight-line depreciation is used and a residual value of $32,000 for the building is anticipated. The equipment is comprised of the following three machines: The straight-line method is used to determine depreciation on the equipment. On March 31,2024 , Machine 102 was sold for $47,500. Early in 2024, the useful life of machine 101 was revised to seven years in total, and the residual value was revised to zero. Required: 3. Calculate the gain or loss on the sale of machine 10<. prepare the journal entry for sale of machine . year-end entries to record depreciation on building and remaining equipment. e if no is required a transaction select in first account field. end uired field>

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