Instructions On April 1, 2020, an uninsured machine was totally destroyed in an accident at Rogers manufacturing plant. The machine had been acquired on January 1, 2017, at a cost of $70,000. It was expected to have a useful life of seven years and a residual value of $7,000. Rogers depreciates machines using the straight-line method and computes depreciation to the nearest whole month. No depreciation has been recorded in 2020. Required: Record the 2020 depreciation expense and the disposal of the machine. General Journal How does grading work? 1 2 GENERAL JOURNAL DATE ACCOUNT TITLE Dec. 31 Depreciation Expense 3 Dec. 31 4 5 Accumulated Depreciation-Machinery Loss from Destruction of Machine Accumulated Depreciation-Machinery Machinery A PAGE 10 Score: 59/63 POST REF DEBIT CREDIT 2,250.00 2,250.00 67,750.00 2,250.00 70,000.00 X