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Presented below are selected transactions at Marigold Company for 2020. Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on
Presented below are selected transactions at Marigold Company for 2020. Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost 60,000 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 35,000. It had a useful life of 5 years with no residual value. The computer was sold for 13,000. Discarded a delivery truck that was purchased on January 1, 2016. The truck cost 33,000. It was depreciated based on a 6-year useful life with a 3,000 residual value. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Marigold 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.) Date Save for Later Account Titles and Explanation (To record depreciation) (To record the sale of equipment) (To record depreciation) (To record the discarding of equipment) Using multiple attempts will impact your score. Debit Credit Attempts: 0 of 3 used Submit
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