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Presented below are selected transactions at Monty Corp. for 2020 Jan 1 June 30 Retired a piece of machinery that was purchased on January 1,
Presented below are selected transactions at Monty Corp. for 2020 Jan 1 June 30 Retired a piece of machinery that was purchased on January 1, 2010 The machine cost $61.900 on that date. It had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2017. The computer cost $31.200. It had a useful life of 5 years with no salvage value. The computer was sold for $14,600 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $37,980. It was depreciated based on a 6-year useful life with a $3.000 salvage value. Dec. 31 Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of Monty Corp Lises straight-line depreciation (Assume depreciation is up to date as of December 31, 2019.) (Credit account titles are outomatically Indented when amount is entered. Do not Indent manually. Record Journal entries in the order presented in the problem.no entry is required, select "No Entry for the account titles and enter for the amounts. Do not round intermediate calculations) Date Account Titles and Explanation Debit Credi Torecord depreciation to date of disposal June 30 June 30 (To record sale of computer) (To record depreciation to date of disposal) Dec. 31 (to record retirement of truck
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