On 1/1/20x4 Co. Xs Machinery account had a balance of $400,000. The balance at 12/31/20x4 was $500,000. The balances in the Machinery Accumulated Depreciation Account had beginning and ending balances of $200,000 and $250,000, respectively (i.e. at 1/1/20x4 and 12/31/20x4) . During the year Co. X purchased $120,000 of machinery and had $60,000 of Deprecation Expense. The Machinery was sold at a loss of $5,000.

How much of Machinery Cost was written off on the sale of Machinery?

How much Accumulated Depreciation was written off on the sale of Machinery?

How much cash was collected when the machinery was sold?