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16. The Nelson Equipment Company purchased a machine 5 years ago at a cost of $200,000. The machine had an expected life of 10 years at the time of the purchase and an expected salvage value of $50,000 at the end of the 10 years. It is being depreciated by the straight-line method toward a salvage value of $50,000, or by $15,000 per year.

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Dec

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Dec

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Millworks Company owns a milling machine that cost $125,00 and has accumulated depreciation of 91,000. Prepare the entry to record the disposal of the milling machine on Janurary 5 under each of the folling undependent situations.

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Dec

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