Question: The WHOSEY Company purchased a machine on 1 / 1 / 0 7 for $ 1 8 0 , 0 0 0 . The economic

 The WHOSEY Company purchased a machine on 1/1/07 for $180,000. The economic life of theAsset is 5 years. The salvage value is $50,000. The economic life in terms of output is 65,000 units. Inpears 2007,2008,2009,2010,2011, production was 15,000,30,000,25,000,5,000 and 3,000.PARTIStraight-LineDouble-Declining BalanceUnits of ProductionYear 12007DepreciationAccumulating DepreciationBook ValueYear 22008Year 5201lPART 2AT THE END of fEARMACHINAfor$95000"(2008), THE CompAny SALo.THE.guide the generel journal entry to record the sale.

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