On December $31,2025,$ Coronado Inc. has a machine with a book value of $\backslash (\backslash$$ $265,000\backslash ).$ The original cost and related accumulated depreciation at this date are as follows.

Depreciation is computed at $\backslash$$$72,000$ 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.

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 $\backslash (\backslash$$ $609,000\backslash ).($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 O for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

August

$31,2026$

Depreciation Expense

Accumulated Depreciation$-$Machinery

$($To record current depreciation.$)$

August

$31,$

$2026$

Accumulated Depreciation$-$Machinery