On January 1,2015 , International Manufacturing purchased a machine for $970,000. The company expects the machine to r ten years and to have a residual value of $110,000. International Manufacturing uses the straight-line method to depreciate it International Manufacturing used the machine for four years and sold it on January 1,2019 , for $250,000. Requirements 1. Compute accumulated depreciation on the machine at January 1, 2019 (same as December 31, 2018). 2. Record the sale of the machine on January 1, 2019. The accumulated depreciation is 2. Record the sale of the machine on January 1, 2019. (Record debits first, then credits. Exclude explanations from any journ