Exercise 10 09 Presented below are selected transactions at Bramble Company for 2020 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $64,400 on that date. It had a useful life of 10 years with no salvage Sald a computer that was purchased on January 1, 2017. The computer cost $43,400. It had a useful life of 5 years with no salvage value. The computer was $15,800 1 Jan. June 30 m) Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $35,640. It was depreciated based on a 6-year useful ife with a $3,000 salva Journalie all entries required on the above dates, induding entries to update depreciation, where applicable, on assets disposed of. Bramble Company uses straight-line dea (Asume deprecation is sp to date as of December 31, 2019.) (Oedit account titles are automaticaly indented when amount is entered. Do not indent manually journal entries in the onder presented in the problem no etry is required select "o Entry for the account ttles and enter for the amounts mdy Account Titles and Explanation Debit Jan 1 Accumulated Depredation-Equlpment 64400 Eoment s00 June 30 Depreciation Espese 4340 Acclated Deredation Emnt 4340 (Te recond deprecation to date of dpa une 30 Cah 15800 A ed Depraion 300 s of at Galn 220 tenn 4400 1041 PM 15/12/201 144 C 6 O R T O P D F G K L C V M alt ctri A N LL Accumulated Depreciation-Equipment 30380 2780 Gain on Disposal of Plant Assets Equipment 43400 (To record sale of computer) Depreciation Expense Dec. 31 5440 5400 Accumulated Depletion (To record depreciation to date of disposal) Loss on Disposal of Plant Assets Dec. 31 (To record retirement of truck) By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by you Question A Earn % answ attem ere to search hp 19 144 # % & 3 4 5 6