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Here are selected 2022 transactions of Riverbed Corporation. Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1,

image text in transcribed Here are selected 2022 transactions of Riverbed Corporation. Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62,200 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2020. The computer cost $36,200 and had a useful life of 4 years with no salvage value. The computer was sold for $5,800 cash. Sold a delivery truck for $9,450 cash. The truck cost $24,300 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $4,200 salvage value. Prepare a tabular summary to record all transactions described on the above dates. Depreciation was last recorded on December 31, 2021. Update depreciation on assets disposed of, where applicable. Riverbed 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.) Jan. 1 $ June 30 Dec. 31 Cash Your answer is partially correct. 0 $ Assets Equipment Accum. Depr. - Equip. (62200) $ 0 Liabilities Here are selected 2022 transactions of Riverbed Corporation. Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62,200 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2020. The computer cost $36,200 and had a useful life of 4 years with no salvage value. The computer was sold for $5,800 cash. Sold a delivery truck for $9,450 cash. The truck cost $24,300 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $4,200 salvage value. Prepare a tabular summary to record all transactions described on the above dates. Depreciation was last recorded on December 31, 2021. Update depreciation on assets disposed of, where applicable. Riverbed 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.) Revenue 0 $ 0 0 Stockholders' Equity Retained Earnings Expense 0 0 0 0 eTextbook and Media Save for Later Dividend $ 0 Amortization expense 0 Gain on disposal Research & development expense 0 0 0 0 Depreciation expense Loss on disposal Depreciation expense Attempts: 1 of 3 used Submit

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