#25

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Question 25 of 30 -710 III View Policies Current Attempt In Progress Zimmer Company sold the following two machines in 2021 Machine A Machine Cost $76.000 $80.000 Purchase date 7/1/17 1/1/18 Useful life 8 years 5 years Salvage value $4.000 Depreciation method Straight-line $4,000 Double-declining balance 8/1/21 Date sold 7/1/21 Sales price $35.000 $16.000 Journalize all entries required to update depreciation and record the sales of the two assets in 2021. The company has recorded depreciation on the machines through December 31, 2020. (Credit account titles are automatically indented when the amount is entered Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Machine A Date Account Titles and Explanation Debit Credit July 1 (To record depreciation expense) July 1 x A2022 Testa WWP Assessment Player Ul App y.com/was/l/2/assessment-player/index.html?launchidd5b224cc-c713-4451oad-b09b048686w/question/24 Question 25 of 30 > /10 E Sales nicht 338.000 $16.000 Journal entries required to update depreciation and record the sales of the two assets in 2001. The company recorded deorection on the machines to December 31, 2020 Credit comunities are automatically indeed when the amount interest Do not inden musly no entry into Entry for the accounties and enter for the amounts: Machine Date Account Titles and Explanation Debit Credit Jut the record precise dy To the sale of Machine Date Account Titles and plantion Debit Credit 1 watch O ACG2022 Test 3 .com/was/ui/v2/assessment-player/index.html?launchid=d5b224cc-c713-4451-aadf-b090b048686f#/question/24 Question 25 of 30 +/10 E (To record depreciation expense) July 1 To record the sale of asset) Machines Date Account Titles and Explanation Debit Credit Aug 1 (To record depreciation expense) To record the sale of a Atherofused SA Search 62