10 Part 2 of 3 192 points Required information [The following information applies to the questions displayed below] Onslow Company purchased a used machine for $240,000 cash on January 2. On January 3, Onslow paid $10,000 to wire electricity to the machine. Onslow paid an additional $2.000 on January 4 to secure the machine for operation. The machine will be used for six years and have a $28,800 salvage value. Straight line depreciation is used. On December 31, at the end of its th year in operations, it is disposed of 2. Prepare journal entries to record depreciation of the machine at December 31 10 Journal entry worksheet Record the first year year-end adjusting entry for the depreciation expense of the used machine. Note: Enter debits before credits Part 2 of 3 192 points Print Required information [The following information applies to the questions displayed below) Onslow Company purchased a used machine for $240.000 cash on January 2. On January 3. Onslow paid $10,000 to wire electricity to the machine. Onslow paid an additional $2,000 on January 4 to secure the machine for operation. The machine will be used for six years and have a $28.800 salvage value. Straight line depreciation is used. On December 31, at the end of as fth year in operations, it is disposed of 2. Prepare journal entries to record depreciation of the machine at December 31 Journal entry worksheet Record the year of disposal year-end adjusting entry for the depreciation expense of the used machine. Note: Enter debit before credits December 21