Exercise 10-22 Your answer is partially correct. Try again. The following transactions occurred during 2017. Assume hat epre ation of 10% per year s charged on all machinery and 5% per year on buidings, on a stright-e a s a full year on all fixed assets acquired during the year, and no depreciation is charged on fixed assets disposed of during the year ith no estimated sa vage value. De ci s age or Jan. 30 A building that cost $190,080 in 2000 is tom down to make room for a new building. The wrecking contractor was paid $7,344 and was permitted to keep all materials salvaged. Mar. 10 Machinery that was purchased in 2010 for $23,040 is sold for $4,176 cash, f.o.b. purchaser's plant. Freight of $432 is paid on the sale of this machinery. Mar. 20 A gear breaks on a machine that cost $12,960 in 2009, The gear is replaced at a cost of $2,880. The replacement does not extend the useful life of the machine but does make the machine more efficient. May 18 A special base installed for a machine in 2011 when the machine was purchased has to be replaced at a cost of $7,920 because of defective workmanship on the original base. The cost of the machinery was $20,448 in 2011 The cost of the base was $5,040, and this amount was charged to the Machinery account in 2011. One of the buildings is repainted at a cost of $9,936. It had not been painted since it was constructed in 2013 June 23 Prepare general journal entries for the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation 1/30 Accumulated Depreciation-Building Debit Credit Loss on Disposal of Buildings Buildings Cash 3/10 Cash Accumulated Depreclation-Machinery Loss on Disposal of Machinery Machlnery