per year.
, however, machine was sold at $225000.
disposal of fixed asset
pacifica manufacturing retired a computerized metal stamping mac...
disposal of fixed asset
pacifica manufacturing retired a computerized metal stamping machine on december 31, 2019. pacifica sold the machine to another company and did not replace it. the following data are available for the machine:
cost (installed), 1/1/2014 $880,000
residual value estimated on 1/1/2014 60,000
estimated life as of 1/1/2014 10 years
the machine was sold for $225,000 cash. pacifica uses the straight-line method of depreciation.
Answers: 3
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