Presented below are selected transactions at Ridge Company for 2017.

Presented below are selected transactions at Ridge Company for 2017 Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $60,000 on that date. It June 30 Sold a computer that was purchased on January 1, 2014. The computer cost $30,000. It had a useful life of 5 Dec. 31 Discarded a delivery truck that was purchased on January 1, 2013. The truck cost $33,000. It was depreciated had a useful life of 10 years with no salvage value. years with no salvage value. The computer was sold for $13,000. based on a 6-year useful life with a $3,000 salvage value