Question 24 Not yet answered Marked out of 36.00 Remove flag On January 1, 2018, Rob's Bottle Factory purchased a new bottle-sealing machine for $118,000. The machine had an estimated useful life of 10 years and is expected to have no residual value. The company uses straight-line depreciation. The asset is sold on January 1, 2025 for $30,000. The fiscal year-end of Rob's Bottle Factory is December 31. Record the entry for the sale assuming that the depreciation for 2024 has already been recorded Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole dollar. Enter the debit accounts in alphabetical order and enter the credit accounts in alphabetical order. Year Cost of Capital Asset Depreciation Expense Accumulated Depreciation To Date Net Book Value 2018 2019 2020 2021 2022 2023 2024 Date Account Title and Explanation Debit Credit Jan 1