During 2017, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $10,560. 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, 2016.

Your answer is partially correct. Try again. Sunland Company had the following assets on Jenuary 1, 2017 Cost Purchase Datw (n years) Salvage Value Nachinery $62,480 Jan. 1, 2007 26,400 Jan. 1, 2014 Truck29,392 an.1,2012 During 2017, ach of the assets was removed from servica. The machinery was retired on3anuary ?. The forkit was sold on?una 30 for $10.560. The truck was discarded on December 31. our elize ?1 ent e5 equire o tre above d tes reh dng entnes o update depredotion where apple e, on disposed ssets The com pany use5 5tro ht-ine deprecletion A ce recuation up to date 55 0 December 31 2016. Credit accou t es ? re ?6tomaticaMy in ented when the om untis entered. Do not iment manually-If no ..ntry is required, selwet-No Entry', for thaccount titles sndntr?fr th" ????Lnts.)