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Oriole Compary had the following assets on January 1,2025. Durine 2025 . each of the assets was remowod from service. The machinery was retired on

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Oriole Compary had the following assets on January 1,2025. Durine 2025 . each of the assets was remowod from service. The machinery was retired on January 1 The forklitt was sold on Jure 30 for 511200 The trudewas discarded on Decernber 31 Journalize ah entries required on the above dates, including entrits to update depreciation where applicable, on disposed asces. The compary uses straletht-line depreciation. Al depreciation was up to date as of December 31,2024 , flat all deblt enthien before cusift Entry for the occount titles and entre ofor the amounts. (To record depreciation expense on forkift) Actumulated Depreciatione Equipment Gain con Devgosat of Plant kusets Tuuipierh (To record sale of forkift) Gairien Disposal of Plant Assets Equipment (To record sale of forklift) Depreciation Fxpense Acrumidated Degreciation Fquipanent (To record depreciation expense on truck) Actemulated Deareciation Eouipment Loss on Disposal of Plant Assets Equpinent (To record disposal of truck)

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