Wilcox Company acquires in 2020 four machine that have the following characteristics:

Machine	Cost	Estimated Residual Value	Estimated Service Value
A	26,000	2,000	6 years
B	19,000	1,000	9 years
C	30,000	5,000	5 years
D	28,000	-	7 years

Instructions: Please show work

a. Prepare the journal entry to record the acquisition of the machines and the depreciation expense for the first year assuming the composite method is used on a straight-line basis. Round the depreciation rate to three decimal place.

b. Prepare the journal entry to the sale of Machine B after fours for $10,000. Round all amounts to the nearest whole dollar.