On April 1,2013,a company discarded a machine that had cost $10,000 and had accumulated depreciation of $8,000 as of December 31,2012.The asset had a five-year life and no salvage value.Prepare the journal entries to record the updating of the depreciation expense and discarding of this asset.

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The Answer of On April 1,2013,a company discarded a machine that had cost $10,000 and had accumulated depreciation of $8,000 as of December 31,2012.The asset had a five-year life and no salvage value.Prepare the journal entries to record the updating of the depreciation expense and discarding of this asset.

On April 1,2013,a Company Discarded a Machine That Had Cost