t/tak Calculator Print Item On January 1, 2016, Mullhausen Co. began using the composite depreciation method. There were three machines to o Residual Value $2,000 3,000 1,000 Asset Cost Life 6 years 3 years 4 years 15,000 5,000 At the end of the second year, Machine B was sold for $8,200. In the entry to record the sale, there should be a $6,800 debit to Accumulated Depreciation $1,200 debit to Gain on Sale of Machine 9$8,000 debit to Accumulated Depreciation $6,800 debit to Loss on Sale of Machine All work saved