Onslow Company purchased a used machine for $$288,000$ cash on January $2.$ On January $3,$ Onslow paid $$10,000$ to wire electricity to the machine. Onslow paid an additional $$2,000$ on January $4$ to secure the machine for operation. The machine will be used for six years and have a $$34,560$ salvage value. Straight$-$line depreciation is used. On December $31,$ at the end of its fifth year in operations, it is disposed of$.$

$2.$ Prepare journal entries to record depreciation of the machine atJournal entry worksheet

Record the year of disposal year$-$end adjusting entry for the depreciation

expense of the used machine.

Note: Enter debits before credits. December $31.$