a. Prepare the journal entry to record the acquisition of the machines and the depreciation expense depreciation rate to three decimal place. You must show computations to receive credit. b. Prepare the journal entry to the sale of Machine B after fours for $10,000. Round all amounts to the Exercise 5 Wilcox Company acquires in 2020 four machine that have the following characteristics: Machine $ B Estimated Residual Cost Value 26,000 $ 2,000 19,000 1,000 30,000 5,000 28,000 Estimated Service Life 6 years 9 years 5 years 7 years D Instructions: nearest whole dollar