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Question 18 6 pts Pecos Yo Company purchased a machine for $190,000 in cash on...

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Question 18 6 pts Pecos Yo Company purchased a machine for $190,000 in cash on April 1, 20X1. The machine has an estimated useful life of 10 years and an estimated salvage value of $40,000. Pecos Yo Company uses the straight-line method for computing depreciation expense. Which ONE of the following is included in the journal entry necessary to record the sale of the machine for $130,000 cash at the end of 20X3? Note: The sale takes place after the recording of Depreciation Expense for 20X3. A CREDIT to gain on Sale of Machine for $21.250 O A DEBIT to Accumulated Depreciation for $45,000 O A CREDIT to Machine for $150,000 O A CREDIT to Loss on Sale of Machine for $18,750 O A DEBIT to Loss on Sale of Machine for $15,000 O A DEBIT to Accumulated Depreciation for $41,250 A DEBIT to Loss on Sale of Machine for $41,250 A DEBIT to Gain on Sale of Machine for $18,750

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