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.

f. Suppose the machine was broken on March 13, 2011 and the insurance
company paid a settlement of $102,000. What would be the journal entry									check figure: loss on asset disposal of 16,750.00
required if the double-declining method was used with the
depreciation entry being recorded only once at year on December 31st?