Exercise 8-18 (Algo) Partial-year depreciation; disposal of plant asset LO P2 Rayya Company purchases a machine for $134,400 on January 1, 2021 Straight line depreciation is taken each year for four years assuming a seven-year life and no salvage value. The machine is sold on July 1, 2025, during its fifth year of service Prepare entries to record the partial year's depreciation on July 1, 2025, and to record the sale under each separate situation (1) The machine is sold for $57,600 cash (2) The machine is sold for $46,080 cash View transaction lit Journal entry worksheet Record the depredation expense as of July 1, 2025 Not Enter debits before credits Date General Journal Debit Credit July 01, 2025