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1 (18 Marlos): Required: A machine was purchased for $94,000 during the first week of...

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Accounting

1 (18 Marlos): Required: A machine was purchased for $94,000 during the first week of January 2023. The accumulated depreciation is $50,450. Present the journal entries to record the disposal under each of the following unrelated assumptions: a. The machine was sold for $44,500 cash. b. The machine was traded in on new tools having a $141,000 cash price. A $52,000 trade-in allowance was received, and the balance was paid in cash. Since the

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