5. Scheuller Company had machinery that had originally cost $246,000. The machinery was three years old and had been depreciated using the double-declining balance method, over a five-year useful life with a residual value of $18,000. Answer each of the following independent questions: Required: a. If the company sold the machinery for $105,000, prepare a journal entry to record the sale b. If the company sold the machinery for $48,000, prepare a journal entry to record the sale. On January 1, 2019, Ginger Company purchased land and a building for a total cash price of $6,900,000. Individually, the land was appraised at $2,250,000 and the building at $5,250,000. The buildings estimated useful le is 25 years and its estimated salvage value is $300,000 Required a. Prepare the journal entry to record the purchase of land and building on January 1, 2019 b. What is the 2019 depreciation expense on the building, assuming that double declining balance depreciation is used