Questions 9-10 (of > The following Information applies to the questions displayed below During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to their disposal, the accounts reflected the following Cost Machine A $ 21000 $ 3,000 12 years $ 15,000 (10 years) Machine B 49,000 4,000 8 years 33,750 (6 years) 52,275 2 52,275 (12 years) Machine C 75,200 5,500 16 years a. Machine A: Sold on January 1 for $5,500 cash. b. Machine B: Sold on December 31 for $10,425: received cash, $2,000, and a $8.425 interest-bearing (12 percent) note receivable due at the end of 12 months. c. Machine C: On Jenuary 1, this machine suffered irreperable damage from an accident. On January 10, a salvage company removed the machine at no cost. Section Break g and Interpreting the Disposal of Threse P8-6 Long-Lived Assets LO8-3. 8-5 value 1.50 points P8-6 Part 1 View transaction list Record the disposal of Machine A. Note: Enter debits before credits. it Record entry View general journal Clear entry Journal entry worksheet Record the depreciation of Machine B Note: Enter debits before credits Record entry View general journal Clear entry View transaction list View transaction list urnal e Record the disposal of Machine B Note: Enter debits before credits Debit Credit Record entry View general journal Clear entry View transaction list Journal entry worksheet Journal entry worksheet Record the disposal of Machine C Note: Enter debits before credits It Record entry Clear entry P8-6 Part 1 time