Presented below are selected transactions at Culver Company for 2020 Jan 1 Retired a piece of machinery that was purchased on January 1, 2010 The machine cost $62,400 on that date It had a useful life of 10 years with no salvage value June 30 Sold a computer that was purchased on January 1, 2017 The computer cost $37,800 It had a useful life of 5 years with no salvage value The computer was sold for $15,400 Dec 31 Discarded a delivery truck that was purchased on January 1, 2016 The truck cost $37,620 It was depreciated based on a 6 year useful life with a $3,000 salvage value Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of Culver 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 If no entry is required, select No Entry for the account titles and enter 0 for the amounts )

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Presented below are selected transactions at Culver Company for 2020. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The

Presented below are selected transactions at Culver Company for 2020.

Jan.	1	Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,400 on that date. It had a useful life of 10 years with no salvage value.
June	30	Sold a computer that was purchased on January 1, 2017. The computer cost $37,800. It had a useful life of 5 years with no salvage value. The computer was sold for $15,400.
Dec.	31	Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $37,620. It was depreciated based on a 6-year useful life with a $3,000 salvage value.

Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Culver 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. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)