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Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of Presented Oelcw, ere selected transactions at
Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of
Presented Oelcw, ere selected transactions at Oriole Company for 2020. Jan. I June 30 Dec 21 Retired e piece of machinery thet was purchased on January I. 2010 machine cost EfQ6CO on that date. It hed e useful life of 10 years with residual value. Sold e computer thet was purchased on January I. 2017. computer cost 37.500. It had e useful life of 5 years with nc residual value. The computer wes sold for 13.IOO. Discarded a deliverytruckthat wes purchased on January I. 2016 The truck cost E34.5CO It was depreciated based on e 6-yeer useful life With residual value. Journalize ell entries required on the aEc.'e dates. i entries to depreciation. where applicable. on assets disposed of Oriole Company uses straight-lir.e depreciation. [Assume depreciation is up to date as of 31.2019.) (Credit titlese My is DO not indent Record entries in ord& in Aount Titks (To record depreciation) (To record the sale of equipment) (To record depreciation) (To record the discarding of equipment)
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