Onslow Company purchased a used machine for $$178,000$ cash on January $2.$ On January $3,$ Onslow paid $$2,840$ to wire electricity to the machine. Onslow paid an additional $$1,160$ on January $4$ to secure the machine for operation. The machine will be used for six years and have a $$14,000$ salvage value. Straight$-$line depreciation is used. On December $31,$ at the end of its fifth year in operations, it is disposed of$.$

Problem $8-6$A $($Static$)$ Part $2$

$2.$ Prepare journal entries to record depreciation of the machine at December $31.$

Journal entry worksheet

$12$

Record the year of disposal year$-$end adjusting entry for the depreciation expense of the used machine.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31,,,],[,,,]]$