Jan 1 Retired a piece of machinery that was purchased on Jan 1 2010. The machine cost $62400 on that date.It had a useful life of 10 years with no salvage.

June 30 Sold a computer that was purchased on January 1,2017. The computer cost $35,500. It had a useful life of 5 years with no salvage value. The computer was sold for $14,100.

Dec 31 Discarded a delivery truck that was purchased on Jan 1 2016. The truck cost $36,660. It was depreciated based on a 6 year useful life with a $3000 salvage value.

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