On January $1,2013$ the ABC Manufacturing Purcahsed a machine for

$$860,000.$ ABC manufacturing expects the machine to remain useful

for five years and to have a residual value of $$60,000.$ABC manufacturing uses the straight$-$line method to depreciate

$$its machinery.ABC manufacturing used the$$machine for three years and sold

it on January$1,2016($Same as December $31,2015)1.$ Compute accumulated depreciation on the machinery at January

$1,2016($same as December $31,2015)2.$ Record the sales of the machine on January $1,2016$