Exercise $7-59($Algorithmic$)$

Disposal of Fixed Asset

Pacifica Manufacturing retired a computerized metal stamping machine on December $31,2019.$ Pacifica sold the machine to another company and did not replace it$.$

The following data are available for the machine:

$\backslash$table$[[$Cost $($installed$),\frac{1}{1}\frac{?}{2014},$$$920,000$