Presented here are selected transactions for Beck Company for 1998:

\section*{Instructions}
Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Beck Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 1997.)

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Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1, 1988. The machine cost $62,000 on that date and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 1995. The computer cost $35,000 and had a useful life of 7 years with no salvage value. The computer was sold for $28,000. Discarded a delivery truck that was purchased on January 1, 1992. The truck cost $27,000 and was depreciated based on an 8-year useful life with a $3,000 salvage value.