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Part VI - Plant Asset Disposal Entries (15 points) Here are selected transactions for Halverson Corporation for 2018 Jan. 1 Retired a piece of machinery

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Part VI - Plant Asset Disposal Entries (15 points) Here are selected transactions for Halverson Corporation for 2018 Jan. 1 Retired a piece of machinery that was purchased on January 1, 2008. The machine Cost 547,000 and had a useful life of 10 years with no salvage value Mar 31 Sold a computer that was purchased on January 1, 2015. The computer cost $43.400 and had a useful life of 7 years with no salvage value. The computer was sold for $25,000 Dec 31 Discarded a delivery truck that was purchased on January 1, 2015. The track cost $30,000 and was depreciated based on a 6-year useful life with a $3,000 salvage value Instructions: Journalize all entries required on the above dates, including entries to update depreciation en assets disposed of where applicable. Halverson Corporation uses straight-line depreciation

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