Question: need help on the numbers Required information Problem 8-6A (Algo) Disposal of plant assets LO C1, P1, P2 The following information applies to the questions

Required information Problem 8-6A (Algo) Disposal of plant assets LO C1, P1, P2 The following information applies to the questions displayed below] Onslow Company purchased a used machine for $144,000 cash on January 2 On January 3 , Onslow paid $8,000 to wire electricity to the machine. Onslow paid an additional $1,600 on January 4 to secure the machine for operation. The machine will be used for six years and have a $17,280 salvage value. Straight-line depreciation is used. On December 31 , at the end of its fitth year in operations, it is disposed of. Problem 8-6A (Algo) Port 2 2. Prepare journal entries to record depreciation of the machine at December 31 . 2. Prepare journal entries to record depreciation of the machine at December 31
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