Accumulated amortization

Accumulated depletion

Accumulated depreciationBuilding

Accumulated depreciationMachinery

Amortization expense

Building

Cash

Depletion expense

Depreciation expenseBuilding

Depreciation expenseMachinery

Gain on exchange of assets

Gain on sale of machinery

Goodwill

Impairment loss

Land

Land improvements

Leasehold improvements

Loss on disposal of equipment

Loss on exchange of assets

Loss on sale of machinery

Machinery

Mineral deposit

Ore mine

Prepaid rent

Rent expense

Repairs expense

Sales

Sales discounts

Sales returns and allowances

Vehicles

Rayya Company purchases a machine for $117,600 on January 1, 2021. Straight-line depreciation is taken each year for four years assuming a eight-year life and no salvage value. The machine is sold on July 1,2025 , during its fifth year of service. Prepare entries to record the partial year's depreciation on July 1,2025 , and to record the sale under each separate situation. (1) The machine is sold for $58,800 cash. (2) The machine is sold for $49,392 cash. Journal entry worksheet Record the depreciation expense as of July 1,2025. Note: Enter debits before credits