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Here are selected 2 0 2 7 transactions of Ayayai Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1 ,
Here are selected transactions of Ayayai Corporation.
Jan. Retired a piece of machinery that was purchased on January The machine cost $ and had a useful life
of years with no salvage value.
June Sold a computer that was purchased on January The computer cost $ and had a useful life of years with
no salvage value. The computer was sold for $ cash.
Dec. Sold a delivery truck for $ cash. The truck cost $ when it was purchased on January and was
depreciated based on a year useful life with a $ salvage value.
Prepare a tabular summary to record all transactions described on the above dates. Update depreciation on assets disposed of where
applicable. Ayayai Corporation uses straightline depreciation.
Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.
Increases in expenses and losses require a negative sign or parentheses.
Increases in Accumulated Depreciation require a negative sign or parentheses.
Decreases in Accumulated Depreciation are entered as postive amounts.
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