Example: Beckworth Company purchased a truck on January 1, 2009, at a cash cost of $10,600. The estimated residual value was $400 and the estimated useful life was 4 years. The company uses straight-line depreciation method. On July 1, 2011, the company sold the truck for $1,700 cash. A. What was the amount of accumulated depreciation at December 31, 2010? B. Give the required journal entries on the date of disposal, July 1, 2011. (Assume no 2011 depreciation had yet been recorded).

date	account and explanation	debit	credit