2.3 Required information Problem 8-6A (Static) Disposal of plant assets LO C1, P1, P2 [The following information applies to the questions displayed below) Onslow Co. purchased a used machine for $178,000 cash on January 2 on January 3. Onslow paid $2,840 to wire electricity to the machine and an additional $1,160 to secure it in place. The machine will be used for six years and have a $14.000 salvage value Straight-line depreciation is used on December 31, at the end of as fifth year in operations, it is disposed of Problem 8-6A (Static) Part 2 2. Prepare journal entries to record depreciation of the machine at December 31 Journal entry worksheet acer > c o A 96 5 3 6 7 8 0 W t S d f g h j K