A9-28 Disposal of Long-Lived Assets (LO9.3, LO9.10, LO9.12): connect eleel Machinery that cost $192,000 on 1 January 20X1 was sold for $72,000 on 30 June 20X6. It was being depreciated over a 10 -year life by the straight-line method, assuming its residual value would be $12,000. A building that cost $1,700,000, residual value $100,000, was being depreciated over 20 years by the straight-line method. At the beginning of 20X6, when the structure was 8 years old, an additional wing component was constructed at a cost of $500,000. The estimated life of the wing considered separately was 15 years, and its residual value was expected to be $20,000. The accounting period ends 31 December. Required: 1. Give all required entries to record: a. Sale of the equipment, including depreciation to the date of sale b. The addition to the building-cash was paid A9-28 Disposal of Long-Lived Assets (LO9.3, LO9.10, LO9.12): connect eleel Machinery that cost $192,000 on 1 January 20X1 was sold for $72,000 on 30 June 20X6. It was being depreciated over a 10 -year life by the straight-line method, assuming its residual value would be $12,000. A building that cost $1,700,000, residual value $100,000, was being depreciated over 20 years by the straight-line method. At the beginning of 20X6, when the structure was 8 years old, an additional wing component was constructed at a cost of $500,000. The estimated life of the wing considered separately was 15 years, and its residual value was expected to be $20,000. The accounting period ends 31 December. Required: 1. Give all required entries to record: a. Sale of the equipment, including depreciation to the date of sale b. The addition to the building-cash was paid