On January 1, 2015, Brown's Manufacturing purchased a machine for $880,000. The company expects the machine to remain useful for ten years and to have a residual value of $110,000. Brown's Manufacturing uses the straight-line method to depreciate its machinery. Brown's Manufacturing used the machine for five years and sold it on January 1,2020 , for $300,000. Requirements 1. Compute accumulated depreciation on the machine at January 1, 2020 (same as December 31, 2019). 2. Record the sale of the machine on January 1, 2020. 1. Compute accumulated depreciation on the machine at January 1,2020 (same as December 31, 2019). The accumulated depreciation is $ On January 1, 2015, Brown's Manufacturing purchased a machine for $880,000. The company expects the machine to remain useful for ten years and to have a residual value of $110,000. Brown's Manufacturing uses the straight-line method to depreciate its machinery. Brown's Manufacturing used the machine for five years and sold it on January 1,2020 , for $300,000. Requirements 1. Compute accumulated depreciation on the machine at January 1, 2020 (same as December 31, 2019). 2. Record the sale of the machine on January 1, 2020. 1. Compute accumulated depreciation on the machine at January 1,2020 (same as December 31, 2019). The accumulated depreciation is $