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 $48000. The machinery had a useful life of 11 years with no residual value. Sold a computer that was purchased on 1 January 2013 for $34000 cash. It had a useful life of 4 years with no residual value. The computer was sold for $52000 cash. Calculate and enter the amount of xxx for the journal entries below. 1 January 2016 Debit XXX Cr. machinery Dr. accumulated depreciation - machinery XXX Credit