Onslow Co. purchases a used machine for $144,000 cash on January 2 and readies it for…

Onslow Co. purchases a used machine for $144,000 cash on January
2 and readies it for use the next day at a $8,000 cost. On January
3, it is installed on a required operating platform costing $1,600,
and it is further readied for operations. The company predicts the
machine will be used for six years and have a $17,280 salvage
value. Depreciation is to be charged on a straight-line basis. On
December 31, at the end of its fifth year in operations, it is
disposed of.
Record the year of disposal year-end adjusting entry for the
depreciation expense of the used machine.