Chapter $9$ Homework

Question $6$ of $6$

$\frac{-}{1}$

Crane Company had the following assets on January $1,2025.$

During $2025,$ each of the assets was removed from service. The machinery was retired on January $1.$ The forklift was sold on June $30$ for $$10,800.$ The truck was discarded on December $31.$

Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight$-$line depreciation. All depreciation was up to date as of December $31,2024.($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $O$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

SUPPORT