On April 1,Year 5 a company discarded a machine that had cost $10,000 and had accumulated depreciation of $8,000 as of December 31,Year 4.The asset had a 5-year life and $0 salvage value.Prepare the journal entries to record the updating of the depreciation expense and discarding of this asset in Year 5.

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The Answer of On April 1,Year 5 a company discarded a machine that had cost $10,000 and had accumulated depreciation of $8,000 as of December 31,Year 4.The asset had a 5-year life and $0 salvage value.Prepare the journal entries to record the updating of the depreciation expense and discarding of this asset in Year 5.

On April 1,Year 5 a Company Discarded a Machine That