On December $31,2025,$Bramble$$Inc$.$ has a machine with a book value of $$260,000.$ The original cost and related accumulated depreciation at this date are as follows.

Machine

$$992,000$

Accumulated depreciation

$732,000$

Book value

$$260,000$

Depreciation is computed at $$73,200$per year on a straight$-$line basis.

Presented below is a set of independent situations. For each independent situation, indicate the journal entry to be made to record the transaction. Make sure that depreciation entries are made to update the book value of the machine prior to its disposal.

$($a$)$

Your answer is correct.

A hurricane completely destroys the machine on October $31,2026.$ An insurance settlement of $$461,000$was received for this casualty. Assume the settlement was received immediately.$($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

$($b$)$

Your answer is correct.

On June $1,2026,$Bramble$$sold the machine for $$303,000.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

$($c$)$

Your answer is partially correct.

On August $31,2026,$ the company donated this machine to the Royal Palm Beach City Council. The fair value of the machine at the time of the donation was estimated to be $$601,000.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Note: $($This is the second time I am posting this question. Please provide the correct answer. I am including the answer I submitted so you can identify which one is wrong. i need help with option c only$)$

ThiS answers are partially correct:

Depreciation Expense $48800($incorrect$)$

Accumulated Depreciation$-$Machinery $48800($incorrect$)$

Contribution Expense $601000($incorrect$)$

Accumulated Depreciation$-$Machinery $780800($correct$)$

Machinery $992000($correct$)$

Gain on Disposal of Machinery $389800($incorrect$)$