a. Record Depreciation of Machine A

b. Record Disposal of Machine A

c. Record Depreciation of Machine B

d. Record Disposal of Machine B

e. Record Depreciation of Machine C

f. Record Disposal of Machine C

Required information P8-6 (Algo) Recording and Interpreting the Disposal of Three Long-Lived Assets LO8-3, 8-5 [The following information applies to the questions displayed below.) During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: Asset Machine A Machine B Original Residual Estimated Cost Value Life $33,000 $3,000 10 years 41,000 4,000 8 years 76,800 6,600 16 years Accumulated Depreciation (straight line) $24,000 (8 years) 27,750 (6 years) 52,650 (12 years) Machine C The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $8,500 cash. b. Machine B: Sold on December 31 for $9,425; received cash, $2,300, and a $7,125 interest-bearing (12 percent) note receivable due at the end of 12 months. c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost. Journal entry worksheet Record the depreciation of Machine A. Note: Enter debits before credits. General Journal Debit Credit Transaction January 01 Journal entry worksheet