A machine acquired on January 4, 2009, at a cost of $425,000,
has an estimated useful life of nine years and an estimated
residual value of $65,000. (10 points)
What was the amount of depreciation for the years 2009, 2010,
and 2011, using the straight-line method of depreciation?
What was the book value of the machine on January 1, 2012?
Assume that the machine was sold on January 9, 2012, for
$290,000 journalize the entry to record the
sale ...