Business, 19.04.2021 16:10 johnsonwhitney2

Metlock Corporation owns machinery that cost $25,600 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $3,072 per year, resulting in a balance in accumulated depreciation of $10,752 at December 31, 2020. The machinery is sold on September 1, 2021, for $13,440. Prepare journal entries to (a) update depreciation for 2021 and (b) record the sale

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Metlock Corporation owns machinery that cost $25,600 when purchased on July 1, 2017. Depreciation ha...

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