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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

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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 repiace it: following data are available for the machine: The machine was sold for $186,000 cash. Pacifica uses the straight-line method of depreciation. Reulired: 2. Combute accumulated depreciation at December 31,2019. 3. Prepare the journal entry to record the sale of the machine. If no entry is required, leave the answer boxes blank. 2019

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