Maserati Corporation purchased a new machine for its assembly process on
August 1, 2010. The cost of this machine was $150,000. The company estimated
that the machine would have a salvage value of $24,000 at the end of its service
life. Its life is estimated at 4 years and its working hours are estimated at 21,000
hours.

d. Suppose the machine was sold on June 29, 2012 for $82,000. What would
be the journal entry required if the sum-of-the-years'-digits method was used with									check figure: gain on asset disposal of 7,600.00
the depreciation entry being recorded once a quarter?