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Posted: January 19th, 2024

Jan. 1Retired a piece of machinery that was purchased on January 1, 2004

Jan. 1Retired a piece of machinery that was purchased on January 1, 2004. The machine cost $61,000 and had a useful life of 10 years with no salvage value.June 30Sold a computer that was purchased on January 1, 2012. The computer cost $36,000 and had a useful life of 4 years with no salvage value. The computer was sold for $5,900 cash.Dec. 31Sold a delivery truck for $9,420 cash. The truck cost $24,200 when it was purchased on January 1, 2011, and was depreciated based on a 5-year useful life with a $3,260 salvage value.

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