Jan. 11 Mar. 6 Mar. 31 May. 10 Sept. 30 Nov. 1 Dec. 31 Discarded old store equipment that originally cost $32,000 and had a book value of $6,656 on the date of disposal. Depreciation on the equipment has already been recorded for the current year. Sold a delivery truck for $10,752. The delivery truck originally cost $67,840 and had accumulated depreciation of $58,880 on the date of sale. The depreciation on the truck has already been recorded for the current year. Straight-line depreciation is recorded for the first quarter of 2014 on equipment with a 4-year useful life that was purchased on January 1, 2012, for $35,072 with an estimated salvage value of $4,352. Incurred and paid for $716,800 of costs to develop a new patent. The patent has a legal life of 20 years. Paid the corporate attorney $81,600 to register the new patent (see May 10). Acquired RT Waterway, a small parts company, for $396.800 cash. RT Waterway had net assets totaling $1,126,400, net liabilities totaling $832,000. Recognized amortization for the last quarter of 2014.