8 . Required information Problem 8-6A (State) Disposal of plant assets LO C1, P1, P2 The following information applies to the questions displayed below) Onslow Co purchased a used machine for $170.000 cash on January 2 On January. Onslow paid $2,840 to wire electricity to the machine and an additional $1160 to secure it in place. The machine will be used for six years and have a $1,000 salvage ve Straight line depreciation w used on December 31, of the end of tinh year in operationis disposed of Problem 8-6A (Static) Part 3 2. Prepare journal entre to record the machine's disposal under each separate sution, it is sold for 55.000 cash and is sold for $50.000