Question seven: On, May 1, 2015, Sava Co. purchased new machinery for $580.000. The machinery has an estimated useful life of eight years, 30000 salvage value, and depreciation is computed by the sum-of-the-years'-digits method. In 31/07/2017 the company sold the machine for260000. Required: Journalize all entries on 31/12/2015,31/12/2016 and 31/07/2017? 8(148) 536 s 8 123