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Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,100 on that date. It had a useful

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Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,100 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2017. The computer cost $36,000. It had a useful life of 5 years with no salvage value. The computer was sold for $15,200. Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $40,440. It 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, where applicable, on assets disposed of. Larkspur, Inc. uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2019.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Do not round intermediate calculations.) Date Account Titles and Explanation Debit Credit pan. 1) [Accumulated Depreciation-Equipment 162100 Equipment 162100 June Depreciation Expense (3600) 30 [Accumulated Depreciation-Equipment 13600 To record depreciation to date of disposal) June XF 30 Accumulated Depreciation-Equipment 18000 Tcash 4400 x * F Loss on Disposal of Plant Assets 13600 Equipment 136000 (To record sale of computer) Dec. 31 Depreciation Expense 6240 Accumulated Depreciation-Equipment 16240 (To record depreciation to date of disposal) Dec. 31 [Accumulated Depreciation-Equipment Gain on Disposal of Plant Assets 3300 equipme (To record retirement of truck) Question Attempts: 1 of 3 used

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