Business
Business, 18.06.2020 22:57, guillianaroberts

On January 1, 2015, Alpha Manufacturing purchased a machine for $920,000. The company expects the machine to remain useful for eight years and to have a residual value of $70,000. Alpha Manufacturing uses the straight-line method to depreciate its machinery. Alpha Manufacturing used the machine tor four years and sold it on January 1, 2019. for S400.000. Compute accumulated depreciation on the machine at January 1, 2019 (same as December 31, 2018). Record the sale of the machine on January 1, 2019.

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