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During the current year, Rayon Corporation disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Accumulated Original

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During the current year, Rayon Corporation disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Accumulated Original Residual Estimated Depreciation Asset Cost Value Life straight-line) Machine A $66,000 $12, 100 7 years $30,880 (4 years) Machine B 14,800 2,200 5 years 7,560 (3 years) The machines were disposed of in the following ways: a. Machine A: Sold on January 2, for $39,100 cash. D. Machine B: On January 2, this machine was scrapped with zero proceeds (and zero cost of removal). Required: 1.82. Prepare the journal entries related to the disposal of Machine A and Machine B on January 2 of the current year. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 > Record the current year depreciation for Machine A prior to disposal, Note: inter debit before credits Date General Journal Debit Credit January 02 Journal entry worksheet

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