21 Search . |Share . | More>> Here are selected 2017 transactions of Cheyenne Corporation Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $62,600 and had a useful life of 10 years with no salvage valud. Dune Sold a computer that was purchased on January 1, 2015. The computer cost $36,400 and had a useful life of 4 years with no salvage value. The computer was sold for $4,400 cash Sold a delivery truck for $9,200 cash. The truck cost $25,000 when it was purchased on anuary $3,700 salvage value. Dec. 31 Dournalize all entries required on the above dates, including entries to update depreciation on assets indent manually. If no entry is required, select "No Entry for the 1, 2014, and was depreciated based on a 5-year useful life with a ation. (R disposed of, where applicable. Date Account Titles and Explanation account titles are aut tcally indented when amount is entered. Do not e Corporation uses straight-line Debit Credit (To record depreciation expense for 2017)