Presented below are the selected transactions at X company for 2017

Jan 1. Retired a piece of machinery that was purchased on January 1, 2007. The machine costs $75,000 on that date. It had a useful life of 10 years with no salvage value

June 30. Sold a computer that was purchased on Jan 1, 2014. The computer cost $30,000. It had a useful life of 5 years with no salvage value. The computer was sold for $10,500

Dec 31. Discarded a delivery truck that was purchased on Jan 1, 2013. The truck cost $40,000. It was depreciated based on a 6-year useful life with a $4,000 salvage value.

Journalize all entries. Company X uses straight-line depreciation.