Menu QUESTION 6 Not yet answered Marked out of 28.00 P Flag question Sale of Plant Asset Raine Company has a machine that originally cost $75,000. Depreciation has been recorded for five years using the straight-line method, with a $12,000 estimated salvage value at the end of an expected nine- year life. After recording depreciation at the end of five years, Raine sells the machine. Prepare the journal entry to record the machine's sale for (Round to the nearest dollar): a. $50,000 cash b. $40,000 cash $35,000 cash General Journal Date Debit Credit Gain on Sale of Plant Assets To record sale of machine b Cash To record sale of machine cCash FS - F6 F7 FB Accumulated Depreciation- Equipment Gain on Sale of Plant Assets To record sale of machine. b. Cash To record sale of machine. c. Cash Accumulated Depreciation-Equipment To record sale of machine. Save Answers Previous page Next pa