Question Help On January 1, 2015, Blue Sky Manufacturing purchased a machine for $900,000. The company expects the machine to remain useful for ten years and to have a residual value of $60,000. Blue Sky Manufacturing uses the straight-line method to depreciate its machinery Blue Sky Manufacturing used the machine for three years and sold it on January 1, 2018 for $250 000 Requirements 1. Compute accumulated depreciation on the machine at January 1, 2018 (same as December 31, 2017) 2. Record the sale of the machine on January 1 2018 1. Compute accumulated depreciation on the machine at January 1, 2018 (same as December 31, 2017 The accumulated depreciation is