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4 of 7 View Policies Current Attempt in Progress Here are selected 2022 transactions of Pronghorn Company. Jan. 1 Retired a piece of machinery that
4 of 7 View Policies Current Attempt in Progress Here are selected 2022 transactions of Pronghorn Company. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $60,700 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2019. The computer cost $41,600 and had a useful life of 5 years with no salvage value. The computer was sold for $13,600 cash. Dec. 31 Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $42,660. It was depreciated based on a 6-year useful life with a $3,000 salvage value. Journalize all entries required on the
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