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Presented here are selected transactions for Zhou Ltd for the year ended 31 December 2016: Jan. 1 June 30 Scrapped a piece of machinery that
Presented here are selected transactions for Zhou Ltd for the year ended 31 December 2016: Jan. 1 June 30 Scrapped a piece of machinery that was purchased on 1 January 2010 at a cash price of $87000. The machinery had a useful life of 11 years with no residual value. Sold a computer that was purchased on 1 January 2013 for $121000 cash. It had a useful life of 12 years with no residual value. The computer was sold for $69000 cash. Calculate and enter the amount of yyy for the journal entries below. 1 January 2016 Dr. accumulated depreciation - machinery Debit Credit Cr. machinery 30 June 2016 Dr. depreciation expense Dr. Cash Cr. accumulated depreciation - computer Dr. accumulated depreciation - computer Dr. loss on disposal (or Cr. Gam or disposar, in
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