During the current year ending on December 31, Company completed the following transactions:

1. On January 1, purchased a patent for $60,000 cash (estimated useful life, ten years).
2. On January 1, purchased another business for $159,000 cash, including $9,000 for goodwill. The assets included accounts receivable with a fair value of $13,000 and property and equipment with a fair value of $137,000 (with a residual value of $14,385 and estimated useful life of 10 years). The company assumed no liabilities. Goodwill has an indefinite life.
3. On December 31 of the current year, sold Machine A for $6,900 cash. Original cost was $16,000; accumulated depreciation to December 31 of the prior year was $9,440 (on a straight-line basis with a $4,200 residual value and five-year useful life). Record the depreciation expense in transaction e(1) and the sale in transaction e(2).
4. On December 31 of the current year, paid $6,500 for a complete reconditioning of Machine B acquired on January 1 of the prior year. Original cost, $44,500; accumulated depreciation to December 31 of the prior year was $3,300 (on a straight-line basis with a $8,200 residual value and 11-year useful life).
5. For each of these the assets involved in transactions (a) through (f), record the adjusting entry for depreciation or amortization expense at the end of the current year.