On Decenter $31,2020,$ Tritt inc. has a machine with a book value of $$9,90,000.$ The oripinal cest and related accumulated depreciation at thin date are infolloms.

Machine

Less: Acoumdated depreciation

Bookvalue

$$1300000$

$360000$

$$700\mathrm{.}000$

Depreciation is computed at $$60\mathrm{.}000$ per year en a soraight$-$line basis.

Pretented teelow is a vet of independent situstions For ewhindependent stuation indicate the journal entry ls be made to record the transation. Make sure that depreciation erberies wre made to update the book value of the machine prior to las disposal.

$($a$)$

Afre conpletely dewrop the machine on Nupat $31,2021$ An imurave settement of $5430000$ was recelved for this casually. amounts.$)$

Date

Augun $31\mathrm{.}2021$

Account TiUles and Explanation

Debit

Creda

$$

$$

$$

$$

$$

$$

$($To record current depreciation$)$

Aupunt $31,2021$

$$

$$