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Presented below are selected transactions at Buffalo Company for 2020 Jan. 1 June 30 Retired a piece of machinery that was purchased on January 1,

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Presented below are selected transactions at Buffalo Company for 2020 Jan. 1 June 30 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost 60,700 on that date. It had a useful life of 10 years with no residual value. Sold a computer that was purchased on January 1, 2017. The computer cost 41,600. It had a useful life of 5 years with no residual value. The computer was sold for 13,600, Discarded a delivery truck that was purchased on January 1, 2016. The truck cost E42,660. It was depreciated based on a 6-year useful life with a 3,000 residual value Dec. 31 Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Buffalo Company uses straight-line depreciation (Assume depreciation is up to date as of December 31, 2019.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

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