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Oriole Company had the following assets on January 1, 2022. Useful Life (in years) Item Cost Salvage Value Machinery $0 Purchase Date Jan 1, 2012 Jan 1, 2019 Jan 1, 2017 $62,000 21,000 27,400 Forklift Truck 3,000 During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold one for $11.100. The truck was discarded on December Journaliellentries required on the above dates, including entries to update depreciation, where coibeon dispond depreciation was up to date as of December 31, 2001. when the Entry for the sand and for the s. The co n strant-line depreciation mor e Date Account Titles and Explanation Debit Credit (To record depreciation expense on forkant) (To record sale of forklift) (To record depreciation expense on truck) (To record sale of truck)