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Here are selected 2017 transactions of Cheyenne Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost
Here are selected 2017 transactions of Cheyenne Corporation.
Jan. 1 | Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $62,600 and had a useful life of 10 years with no salvage value. | |
June 30 | Sold a computer that was purchased on January 1, 2015. The computer cost $36,400 and had a useful life of 4 years with no salvage value. The computer was sold for $4,400 cash. | |
Dec. 31 | Sold a delivery truck for $9,200 cash. The truck cost $25,000 when it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a $3,700 salvage value. |
(Not a credit/ debit Problem): Just Tabular Analysis
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