Grayson's Lumber Mill sold two machines in 2019. The following information pertains to the two machines:
Instructions
(a) Compute the depreciation on each machine to the date of disposal.
(b) Prepare the journal entries in 2019 to record 2019 depreciation and the sale of each machine.

Question

Grayson's Lumber Mill sold two machines in 2019. The following information pertains to the two machines:  
Instructions
(a) Compute the depreciation on each machine to the date of disposal.
(b) Prepare the journal entries in 2019 to record 2019 depreciation and the sale of each machine.

Quizplus · Accepted Answer

The Answer of Grayson's Lumber Mill sold two machines in 2019. The following information pertains to the two machines:  
Instructions
(a) Compute the depreciation on each machine to the date of disposal.
(b) Prepare the journal entries in 2019 to record 2019 depreciation and the sale of each machine.

Grayson's Lumber Mill Sold Two Machines in 2019