Ayayai Corporation purchased Problem 9-09A machinery on January 1, 2022, at a cost of $252,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $30,200. The company is considering different depreciation methods that could be used for financial reporting purposes. Here are selected 2022 transactions of Ayayai Corporation. Retired a piece of machinery that was Jan. 1 purchased on January 1, 2012. The machine cost $61,000 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on June 30 January 1, 2020. The computer cost $35,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash. Sold a delivery truck for $9,000 cash. Dec. 31 The truck cost $23,000 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $3,200 salvage value. DE S Depreciation Expense June 30 7,625 Accumulated Depreciation-Equipment 7,625 (To record depreciation expense) Cash 4000 Accumulated Depreciation-Equipment 53,375 Loss on Disposal of Plant Assets 3,625 35,000 Equipment (To record sale of computer) Depreciation Expense 3,800 Dec. 31 X 3,800 Accumulated Depreciation (To record depreciation expense) 9,000 Cash Accumulated Depreciation-Plant Assets 15,200 1,200|| Gain on Disposal of Plant Assets