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please help me answer this question The following transactions occurred during 2025. Assume that depreciation of 10% per vear is charged on all machinery and
please help me answer this question
The following transactions occurred during 2025. Assume that depreciation of 10% per vear is charged on all machinery and 5% per year on busidings, on a stralght-line basis, with no estimated salvage vatue. Depreciation is charged for a full year on all fixed assets acquired during the year, and no depreciation is charged on fixed assets disposed of during the year. Jan, 30 A building that cost $184,800 in 2008 is torn down to make room for a new building. The wrecking contractor was paid $7,140 and was permitted to keep all materiaksalvaget. Mar, 10 Machinery that was purchased in 2018 for $22,400 is sold for $4,060 cash, fo.b, purchaslar's plant. Freight of $420 is paid on the sale of this machinery Mar. 20 A vear breaks on a machine that cost $12,600 in 2017. The gear is replaced at a cost of \$2,800. The replacement does not extend the useful life of the machine but does make the machine more etficient. May 18 Aspecial base installed for a machine in 2019 when the machine was purchased has to be replaced at a cost of $7,700 because of defective workmanship on the original base. The cost of the machinery was $19,890 in 2019 . The cost of the base was $4,900, and this amount was charged to the Martinery account in 2019 June 23 One of the bualdines is repointed at a cost of 59,660 it had not been painted since it wasconstructed in 2021. Prepare general journal entries for the transactions. (Recoris joumal entries in the order presented in the problem Credit account tifler are automotically indented whien amount is entered. Do not indent manually, If no entry is required, select "No Entry' for the account tides and enter Ofor the amounts. (ist all de bit entries before credit entries) Prepare general journal entries for the transactions. (Record joumal entries in the order presented in the problem. Credit account tities are automatically indented when amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries) Accumulated Depreciation-Machinery \begin{tabular}{r} \hline 15120 \\ \hline \end{tabular} Machinery 3/10 Mainterance and Repairs Expense Cach 5/18 Accumutated Depreciation - Madinery Nccumulated Depreciation: Mactinery Loss on Disponal of Machinocy Cinth Step by Step Solution
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