Here are selected transactions for Evans Corporation for 2014.

Jan. 1 Retired a piece of machinery that was purchased on January 1, 2004. The machine cost $47,000 and had a useful life of 10 years with no salvage value.

Dec. 31 Discarded a delivery truck that was purchased on January 1, 2011. The truck cost $30,000 and was depreciated based on a 6-year useful life with a $3,000 salvage value.

Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Evans Corporation uses straight-line depreciation.