Question $4$: Disposal of PPE

On January $1,2021,$ the Dayton Auto Parts Company acquired nine identical assembly robots for

a total of $$594,000$ cash. The robots had an expected useful life of $10$ years and an expected

residual value of $$54,000$ in total. Dayton uses straight$-$line depreciation.

What is the journal entry for the acquisition?

What is the journal entry for the first annual depreciation charge?

On December $31,2023,$ Dayton sold one of the robots for $$42,000$ in cash. The robot had

an original cost of $$66,000$ and an expected residual value of $$6,000.$ Prepare the journal

entry for the sale.

Refer to requirement $3.$ Suppose Dayton had sold the robot for $$52,000$ cash instead of

$$42,000.$ Prepare the journal entry for sale.