Presented below are selected transactions at Ridge Company for 2015.

Jan. 1 Retired a piece of machinery that was purchased on January 1, 2005. The machine cost $60,190 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, 2012. The computer cost $37,090. It had a useful life of 5 years with no salvage value. The computer was sold for $14,160.

Dec. 31 Discarded a delivery truck that was purchased on January 1, 2011. The truck cost $37,100. It was depreciated based on a 6-year useful life with a $3,680 salvage value.

Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Ridge Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2014.)

Date

Account Titles and Explanation

Debit

Credit