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Raine Company has a machine that originally cost s58.000. Deprediation has been reconded for four years using the straight-line method, with a 55.000 estimated salvage

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Raine Company has a machine that originally cost s58.000. Deprediation has been reconded for four years using the straight-line method, with a 55.000 estimated salvage value at the end of an expectied ten-year Iife. After recording deprediation at the end of four years, Raine sells the machine. Prepare the journal entry to record the machines sale for (Round to the nearest dollarn $37,000 cesh $36,800 esh 528,000 cesh Ceneral Jaurmal Descriptien Accumulaced Depnecation-Equipment Gain on Sale of Pant Assen Cash To ecord sale of machine

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