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Jan. 1 Retired a piece of mpchinery that was purchased on January 1,2012. The machine cost $62,100 and had a useful life of 10 years

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Jan. 1 Retired a piece of mpchinery that was purchased on January 1,2012. The machine cost $62,100 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1,2019. The computer cost $38,500 and had a useful life of 5 years with no salvage value. The computer was sold for $16,000 cash. Dec 31 Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $37,920. 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 on assets disposed of where applicable. Monty Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021.) (List oll debit entries before credit entries. Credit occount titles are outomatically 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 O for the amounts.)

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