Saved Required information Problem 10-6A Disposal of plant assets LO C1, P1, P2 [The following information applies to the questions displayed below) Onslow Co purchases a used machine for $192,000 cash on January 2 and readies it for use the next day at a $6,000 cost. On January 3, it is installed on a required operating platform costing $1200, and it is further readied for operations. The company predicts the machine will be used for six years and have a $23,040 salvage value Depreciation is to be charged on a straight-fine basis. On December 31, at the end of its fifth year in operations, it is disposed of. oblem 10-6A Part 2 Prepare journal entries to record depreciation of the machine at December 31 View transactionat Journal entry worksheet > Record the first year year-end adjusting entry for the depreciation expense of the machine Deneral Journal way Verwald Next BE of >