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Question: pter 8 hw 4 0 required information problem 86a disposal...

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pter 8 Hw 4 0 Required information Problem 8-6A Disposal of plant assets LO C1, P1, P2 The following information applies to the questions displayed below Onslow Co purchases a used machine for $288.000 cash on January 2 and readies it for use the next day at a $8.000 cost On January 3, it is installed on a required operating platform costing $1,600, and it is further readied for operations The company predicts the machine wil be used for six years and have a $34,560 salvage value. Depreciation is to be charged on a straight-line basis. On December 31, at the end of its fifth year in operations, it is disposed of Problem 8-6A Part 3 3. Prepare journal entries to record the machines disposal under each of the following separate assumptions erences 1 Record the sale of the used machine for S23.000 cash 2 Record the sale of the used machine for $92.000 cash 3 Record the insurance settlement received of $33,500 resulting from the total destruction of the machine in a fire Journal entry worksheet Record the sale of the used machine for $23.000 cash Pre4 of S Next > ateway
Problem 8-6A Part3 rate assu 3. Prepare journal entries to record the machines disposal under each of the following sepa 1 Record the sale of the used machine for $23,000 cash. 2 Record the sale of the used machine for $92,000 cash. 3. Record the insurance settlement received of $33,500 resulting from the total destruction of the View transaction list Journal entry worksheet Record the sale of the used machine for $92,000 cash. Note: Enter debits before credits. Date Debit Credit Dec. 31 Record entry Clear entry View general journal Prev 自 ere to search 다
3. Prepare journal entries to record the machines disposal under each of the following separate assu 1. Record the sale of the used machine for $23,000 cash. 2 Record the sale of the used machine for $92,000 cash. 3 Record the insurance settlement received of $33,500 resulting from the total destruction of the View transaction list Journal entry worksheet Record the insurance settlement received of $33,500 resulting from the total destruction of the machine in a fire. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal <Prey re to search Et Gat
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