Required information Problem 8-6A Disposal of plant assets LO C1, P1, P2 [The following information applies to the questions displayed below) Onslow Co purchased a used machine for $178,000 cash on January 2 On January 3, Onslow paid $2,840 to wire electricity to the machine and an additional S1160 to secure it in place. The machine will be used for six years and have a $14.000 salvage value Straight line depreciation is used on December 31, at the end of its fifth year in operations, it is disposed of Problem 8-60 Dart 1 Journal entry worksheet