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0.75 points Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following Original Aanet Machine
0.75 points Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following Original Aanet Machine A Machine B Cont $34,000 66,200 Accumalated Depreciation Residual Value $3,700 Estimated Life 5 years (straight-line $24,240 (4 years) 4,600 14 years $48,400 (11 years) The machines were disposed of in the following ways: eBook Print a. Machine A: Sold on January 1 for $10,200 cash. References b. Machine B: On January 1, this machine was scrapped with zero proceeds (and zero cost of removal). Required: 1. & 2. Prepare the journal entries related to the disposal of Machine A and B at the beginning of the current year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record the current year depreciation for Machine A prior to disposal.
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