WU Sand Help Save & Exit Sub Check my work 9 7200 Required information Problem 8-6A (Algo) Disposal of plant assets LO C1, P1, P2 (The following information applies to the questions displayed below) Onslow Co, purchased a used machine for $144,000 cash on January 2 On January 3, Onslow paid $10,000 to wire electricity to the machine and an additional $2,000 to secure it in place. The machine will be used for six years and have a $17.280 salvage Straight-line depreciation is used on December 31, at the end of its fifth year in operations, it is disposed of 11 Problem 8.6A (Algo) Part 2 2. Prepare journal entries to record depreciation of the machine at December 31 o View transaction lit Journal entry worksheet 1 2 > Record the first year year-end adjusting entry for the depreciation expense of the used machine. Notes Enter debits before creats Date General Journal Debit Credit Dec 11