Brief Exercise 10-15 Your answer is partially correct. Try again Indigo Corporation owns machinery that cost $26,400 when purchased on July 1, 2014. Depreciation has been recorded at a rate of $3,168 per year, resulting in a balance in accumulated depreciation of $11,088 at December 31, 2017 The machinery is sold on September 1, 2018, for $6,864. prepare journal entries to a update depreciation for 2018 and b record the sale Round answers to O decin al p ces, eos, Credi account titles are automat ca rinden ed hennno nts entered. Oo not indent arually. If no etry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation (a) Depreciation Expense Debit Credit 2112 Accumulated Depreciation-Machinery 2112 (b) Cash 13860 Accumulated Depreciation-Machinery 13200 26400 Gain on Disposal of Machinery 660