Exercise 9-9 Presented below are selected transactions at Tomas Company for 2014 Jan. 1 Retired a piece of machinery that was purchased on January 1, 2004. The machine cost $61,120 on that June 30 Sold a computer that was purchased on January 1, 2011. The computer cost $35,680. It had a useful life Dec. 31 Discarded a delivery truck that was purchased on January 1, 2010. The truck cost $39,540. It was date. It had a useful life of 10 years with no salvage value. of 5 years with no salvage value. The computer was sold for $14,440. depreciated based on a 6-year useful life with a $2,880 salvage value. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Tomas Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2013.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 June. 30 (To record current depreciation)