Yo$-$Yo Go Co$.$ sold a machine on $4/1\frac{?}{25}$ for $$17,000.$ The machine was purchased on $1/1/20$ for

$$40,000$ and has been depreciated under the straight$-$line method with $$0$ salvage value and an

estimated useful life of $8$ years. SHOW YOUR WORK!

a$.$ Prepare the entry to update depreciation on $4/1/25.$

b$.$ What is the balance in Accumulated Depreciation after this entry?

Problem $4$

Spaniel Co$.$ sold Equipment on $1/1\frac{?}{25}$ for $$9,000.$ The equipment originally cost $$80,000.$ The

accumulated depreciation at the time of disposal was $$72,000.$ Record the sale of this equipment.

Indicate $($circle$)$ the effect the above entry will have on Net Income. Also, provide the dollar amount

of this effect. If the entry doesn't impact net income, enter $$0$ for the $ amount