Prepare journal entries to record depreciation

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Reference no: EM131891181

Problem

On July 1, 2012, Aderholt Company sold for $35.200 cash a machine that it had acquired 4-1/2 year ago at a cost of $176.000. Depreciation has been recorded on the machine through 2011 using the straight-line method, an estimated useful life of 6 years, and an expected salvage value of $17,600. Prepare journal entries to record depreciation for a) the one-half year prior to the sale, and b) to record the sale of the machine.

Reference no: EM131891181

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