Disposal of an Operating Asset

On August 30, Williams Manufacturing Company decided to sell one of its fabricating machines that was 15 years old for $6,000. The machine, which originally cost $105,000, had accumulated depreciation of $102,500.

Required:

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Prepare the journal entry to record the disposal of the machine. If an amount box does not require an entry, leave it blank.

Aug. 30
	(Record disposal of equipment)