Please help me Required information[The following information applies to the questions displayed below.]During the current year, Yost Company disposed of three different assets. On January 1 of the current year, prior to thedisposal of the assets, the accounts reflected the following:Original Cost Residual ValueAssetMachine A$24,000$3,000Estimated Life8 years10 yearsMachine B13,200110,00075,300Machine C6,30016 yearsThe machines were disposed of during the current year in the following ways:a. Machine A: Sold on January 1 for $7,950 cash.b. Machine B: Sold on December 31 for $47,880; received cash, $38,304, and an $9,576 interest-bearing (12 percent) notereceivable due at the end of 12 months.Accumulated Depreciation(straight line)$15,750 (6 years)77,440 (8 years)51,750 (12 years)c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvagecompany removed the machine at no cost.Required:1. Give all journal entries related to the disposal of each machine in the current year.a. Machine A.b. Machine B.c. Machine C.Complete the following questions by preparing worksheet and journal entries given below.Required A Required B Required CGive all journal entries related to the disposal of Machine A in the current year.Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

Name: Please help me Required information[The following information applies
Uploaded: 2024-03-05T11:50:36.000Z
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Description: Please help me Required information[The following information applies to the questions displayed below.]During the current year, Yost Company disposed of three different assets. On January 1 of the current year, prior to thedisposal of the assets, th

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Required information [The following information applies to the questions displayed below.] During the current year, Yost Company disposed of three different assets. On January 1 of the current year, prior to th disposal of the assets, the accounts reflected the following: Asset Machine A Machine B Machine C Original Cost Residual Value $24,000 $3,000 110,000 13,200 75,300 6,300 Estimated Life 8 years 10 years 16 years Accumulated Depreciation (straight line) $15,750 (6 years) 77,440 (8 years) 51,750 (12 years)