On January 1, 2017, Zeta Manufacturing purchased a machine for $830,000. The company expected the machine to remain useful for five years and to have a residual value of $20,000. Zeta Manufacturing uses the straight-line method to depreciate its machinery. Zeta Manufacturing used the machine for three years and sold it on January 1, 2020, for $300,000 Read the requirements. 1. Compute accumulated depreciation on the machine at January 1, 2020 (same as December 31, 2019). The accumulated depreciation is S 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