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Purchased a machine for $59,000 in cash on Mar1, 2011, It was repaired at a cost of $920 and installed on a new platform costing

Purchased a machine for $59,000 in cash on Mar1, 2011, It was repaired at a cost of $920 and installed on a new platform costing $2,080. The useful life will be 5 years,. Residual value is $14,000 on Feb28. 2014, it was sold. 


Please prepare the calculation and entries for depreciation and disposition of the machine under the following conditions
1) Sold it for 26,000 cash 

2) Sold it for $33,200 cash 

3) Sold it for $34,180 cash

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Total Cost of Machine Purchase Cost Initial Repair Cost Installation Cost 59000 920 2080 62000 Usefu... blur-text-image

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