Required information [The following information applies to the questions displayed below] During the current year, Yost Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $9,200cash. b. Machine B: Sold on December 31 for $50,600; received cash, $40,480, and an $10,120 interest-bearing (12 percent) note recelvable due at the end of 12 months. c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10 , a salvge company removed the machine at no cost. 2. Select the accounting rationale for the way that you recorded each disposal