Zimmer Company sold the following two machines in 2017 Machine A $76,000 Machine B $80,000 Cost Purchase date Useful life Salvage value Depreciation method Date sold Sales price 8 years $4,000 5 years $4,000 Straight-line Double-declining-balance $35,000 $16,000 Instructions Journalize all entries required to update depreciation and record the sales of the two assets in 2017. The company has recorded depreciation on the machines through December 31, 2016 Zimmer Company sold the following two machines in 2017 Machine A $76,000 Machine B $80,000 Cost Purchase date Useful life Salvage value Depreciation method Date sold Sales price 8 years $4,000 5 years $4,000 Straight-line Double-declining-balance $35,000 $16,000 Instructions Journalize all entries required to update depreciation and record the sales of the two assets in 2017. The company has recorded depreciation on the machines through December 31, 2016