Della Company purchased a new machine for $$330,000$ on January $31,2016$ and paid $$40,000$ for the delivery of the $2$A machine, $$18,000$ for installation, $$12,000$ for testing, $$19,500$ for first year's maintenance, and $$20,000$ for training of employees to use the machine. It is estimated that the machine will have a $$40,000$ residual value at the end of its $5-$year useful service life.

Journal entry for purchase of machine: