Question: please show work a Neptune Co. has a machine that cost $425,000 on March 1, Year 1. This machine had an estimated life of ten

please show work

a Neptune Co. has a machine that cost $425,000 on March 1, Year 1. This machine had an estimated life of ten years and a salvage value of $25,000. On December 31, Year 3, the machine is sold for $270,000. Neptune uses the straight-line method of depreciation and calculates depreciation monthly. Prepare the journal entry to record this transaction. (5 points)

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