Recorded $200 of depreciation expense.
(a) Sold land that had originally cost $10,000 for $14,000 in cash.
(b) Acquired a new machine under a financing lease. The present value of future lease payments, discounted at 11%, was $11,000.
(c) Recorded the first annual payment of $2,000 for the leased machine (in part c).
(d) Recorded a $5,000 payment for the cost of developing and registering a trademark.
(e) Recognized periodic amortization for the trademark (in part e) using a 50-year useful life.
(f) Sold used production equipment for $17,000 in cash. The equipment originally cost $45,000, and the accumulated depreciation account has an unadjusted balance of $23,900. It was determined that a $1,300 year-to-date depreciation entry must be recorded before the sale transaction can be recorded.

Record the adjustment and the sale.