$64,740 (13 years) 26,5e0 3,300 A: Sold on January 2 for $26,500 cash. b. Machine B: On January 2, this machine was sold to a salvage company at zero proceeds (and zero cost of removal). 1. & 2. Prepare the journal entries related to the disposal of Machine A and B on the January 2 of the current year. TIP When no cash is received on disposal, the loss on disposal will equal the book value of the asset at the time of disposal. (If no entry is required t, select "No Journal Entry Required" in the first account field.) Prey 2 of 2 Next View transaction list Journal entry worksheet 2 0.17 Record the disposal of Machine A for $26,500 cash on January 2, 2014. Note: Enter debits before credits. Date Jan 02 Debit Credit Record entry Clear entry View transaction list Journal entry worksheet 2 Record the disposal of Machine B due to irreparable damage from an accident. Note: Enter debits before credits. Date General Journal Debit Credit Jan 02 Clear entry Record entry