Question: i need help with this im not sure how to do it? wo you have completed so far does not indicate completion 7 Parto Required
wo you have completed so far does not indicate completion 7 Parto Required information Problem 8-6A (Algo) Disposal of plant assets LO CI, P1, P2 The following information applies to the questions displayed below Onslow Company purchased a used machine for $192.000 cash on January 2. On January 3, Onslow paid $6.000 to wre electricity to the machine. Onslow paid an additional $1.200 on January 4 to secure the machine for operation. The machine will be used for six years and have a $23,040 salvage value Straight line depreciation is used on December at the end of its fifth year in operations. It is disposed of 5 po Problem 8-6A (Algo) Part 3 3. Prepare journal entries to record the machine's disposal under each separate situation it is sold for $24.000 cash and its sold for $96.000 cash. Answer is not complete No Crede Date December 31 General Journal Depletion expense Accumulated precision Machinery Date 29 3 29.3000 2 December 31 29,260 Depreciation expense Acumulated depreciation Machinery 29 350
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