Problem 11-9 (Algo) Straight-line depreciation; disposal; partial period; change in estimate [LO11-2, 11-5] The property, plant, and equipment section of the Jasper Company's December 31, 2020, balance sheet contained the following: Property, plant, and equipment: Land Building ook Ask Less: Accumulated depreciation Equipment Print Less: Accumulated depreciation Total property, plant, and equipment erences $124,000 $ 704,000 (220,000) 171,600 484,000 2 The land and building were purchased at the beginning of 2016. Straight-line depreciation is used and a residual value of $44,000 for the building is anticipated The equipment is comprised of the following three machines: Machine 101 Cost Date Acquired $61,000 1/1/2018 102 103 74,200 36,400 6/30/2019 9/1/2020 Residual Value $7,400 Life (in Years) B 8,400 3,400 7 10 The straight-line method is used to determine depreciation on the equipment. On March 31, 2021, Machine 102 was sold for $46,000, Early in 2021, the useful life of machine 101 was revised to five years in total, and the residual value was revised to zero. Required: