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Thank you again it is very appreciated! Problem 9-15A Disposal of PPE LO1,2,3,6 CHECK FIGURES: 2, Dec. 31, 2017 $17,080; 3a. Loss-$3.990: 3b. Gain-$2.310: 3c.

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Problem 9-15A Disposal of PPE LO1,2,3,6 CHECK FIGURES: 2, Dec. 31, 2017 $17,080; 3a. Loss-$3.990: 3b. Gain-$2.310: 3c. Gala-s 770 Vita Water purchased a used machine for $116,900 on January 2, 2017. It was repaired the next day at a $4,788 and installed on a new platform that cost $1,512. The company predicted that the machine would be used for six years and would then have a $20,720 residual value. Depreciation was to be charged on a straight-line basis to the nearest whole month. A full year's depreciation was recorded on December 31, 2017. On September 30, 2022, it was retired. Required 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the in- 2. Prepare entries to record depreciation on the machine on December 31 of its first gear and on 3. Prepare entries to record the retirement of the machine under each of the following unrelated stallation. Assume that cash was paicd. September 30 in the year of its disposal (round calculations to the nearest whole dollar). assumptions: a. It was sold for $21,000 b. It was sold for $27,300. c. It was destroged in a fire and the insurance company paid $25,760 in full settlement of the loss claim

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