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Disposal PPE Assets On January 2, 2020, Direct Shoes Inc. disposed of a machine that cost $96,000 and had been depreciated $50,450. Present the journal

Disposal PPE Assets

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On January 2, 2020, Direct Shoes Inc. disposed of a machine that cost $96,000 and had been depreciated $50,450. Present the journal entries to record the disposal under each of the following unrelated assumptions: a. The machine was sold for $44,500 cash. View transaction list Journal entry worksheet Record the exchange of machine. Note: Enter debits before credits. General Journal Debit Credit Date January 02, 2020

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