b) Presented below are selected transactions for Solidago Berhad for 2021. Received RM3,000 scrap value on retirement of machinery that was purchased on January 1, 2010. The machine cost RM90,000 on...

Extracted text: b) Presented below are selected transactions for Solidago Berhad for 2021. Received RM3,000 scrap value on retirement of machinery that was purchased on January 1, 2010. The machine cost RM90,000 on that date, and had a useful life of 10 years with no residual value. Jan 1 April 30 Sold a machine for RM31,000 that was purchased on January 1, 2018. The machine cost RM90,000, and had a useful life of 5 years with no residual value. Discarded a business automobile that was purchased on April 1, 2017. The car cost RM42,000 and was depreciated on a 5-year useful life with a residual value of RM2,000. Dec 31 Required: Journalize all entries required as a result of the above transactions. Solidago Berhad uses the straight-line method of depreciation and has recorded depreciation through December 31 2020