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The machine is sold for $$11,839$ cash.

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Journal entry worksheet

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Record the sale of the machine for $$11,839$ cash.

Note: Enter debits before credits.

$\backslash$table$[[$S$.$NorDate,Account Title,Debit,Credit$],[$January $02,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

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$8$ Additional Problems

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Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $$84,200.$ The machine's useful life is estimated at $10$ years, or $386,000$ units of product, with a $$7,000$ salvage value. During its second year, the machine produces $32,600$ units of product.

Exercise $8-5($Algo$)$ Units$-$of$-$production depreciation LO P$1$

Determine the machine's second$-$year depreciation using the units$-$of$-$production method.

$\backslash$table$[[$Units$-$of$-$production Depreciation,$],[$Choose Numerator:,$1,$Choose Denominator:,$=,$Annual Depreciation Expense$],[,\frac{?}{?},,=,$Depreciation expense per unit$],[,1,,=,],[$Year$,$Annual Production $($units$),,$Depreciation Expense,$],[$Year$2,,,,]]$