Here are selected transactions for Cagle Corporation for 2010.
Jan. 1 Retired a piece of machinery that was purchased on January 1, 2000.
The machine cost $52,000 and had a useful life of 10 years with no salvage value.
June 30 Sold a computer that was purchased on January 1, 2007. The computer cost $42,000 and had a useful life of 7 years with no salvage value. The computer was sold for $23,000.
Dec. 31 Discarded a delivery truck that was purchased on January 1, 2007. The truck cost $30,000 and was depreciated based on a 6-year useful life with a $3,000 salvage value.

Instructions
Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Cagle Corporation uses straight-line depreciation.