(24 pts) Help Save&Exit Submit O You received partial credit in the previous attempt. Check my work Exercise 8-17 Partial-year depreciation; disposal of plant asset LO P2 ases and installs a machine on January 1, 2017, at a total cost of $105.000. Straight-line depreciation is taken each year for four years assuming a seven-year life and no salvage value. The service. machine is disposed of on y assumptions: () The machine is sold for $45,500 cash. (2) An insurance settlement of $25,000 is received due to the machine's total destruction in a fire Journal entry worksheet Record the insurance settlement received of s25,000 due to the machine's total destruction in a fire. e to search