ess than book value 6. Moritz Company has a December 31 year-end. It purchased a new machine on January 1, 2010 for $130,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated residual value of $10,000. The company has depreciation using the straight-line method. On July 1, 2017, the machine was sold for $41,000. Record the journal entry for the sale of the asset. recorded monthly