On January 1, 2017 International Manufacturing purchased a machine for $870,000. The company expected the machine to remain useful for ten years and to have a residual value of $100,000. International Manufacturing uses the straight-line method to depreciate its machinery, International Manufacturing used the machine for four years and sold it on January 1, 2021, for $300,000 Read the requirements 1. Compute accumulated depreciation on the machine at January 1, 2021 (same as December 31, 2020). The accumulated depreciation is * Requirements 1. Compute accumulated depreciation on the machine at January 1, 2021 (same as December 31, 2020). 2. Record the sale of the machine on January 1, 2021 Print Done