On March $1,2023,$ Crane Ltd$.$ purchased a machine for $$66,000$ by paying $$24,000$ down and issuing a note for the balance. The

machine had an estimated useful life of nine years and an estimated residual value of $$6,600.$ Crane Winds uses the straight$-$line

method of depreciation and has a December $31$ year end. On October $30,2025,$ the machine was sold for $$58,000.$

$($b$)$

Assuming that the depreciation was correctly calculated and recorded in $2023$ and $2024,$ prepare the journal entries to update

the depreciation and record the sale of the machine on October $30,2025.($Record entries in the order displayed in the problem

statement. Credit account titles are automatically indented when the 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.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record depreciation expense$)$

$($To record sale of machine$)$