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Here are selected 2017 transactions of Culver Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost
Here are selected 2017 transactions of Culver Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,3000 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2015. The computer cost $35,800 and had a useful life of 4 years with no salvage value. The computer was sold for $4,100 cash. Sold a delivery truck for $9,210 cash. The truck cost $24,200 when it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a $3,300 salvage value. June 30 Dec. 31 Prepare a tabular summary to record all transactions described on the above dates. Update depreciation on assets disposed of, where applicable. Culver Corporation uses straight-line depreciation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Liabilities Assets Retained Earnings Common Stock Equipment Accum. Depr. Equip. Dividend Revenue xpense Cash + Jan. 1 June 30 Dec. 31 ebesle far thie auestinn Onen Show Www
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