Presented here are selected transactions for Pharoah Limited for $2024.$ Pharoah uses straight$-$line depreciation and records adjusting entries annually.

Jan.

$1$ Sold a delivery truck for $$18,910$ cash. The truck cost $$67,900$ when it was purchased on January $1,2021,$ and was depreciated based on a four$-$year useful life with a $$6,080$ residual value.

Sept. $1$

Sold computers that were purchased on January $1,2022.$ They cost $$11,754$ and had a useful life of three years with no residual value. The computers were sold for $$470$ cash.

Dec. $30$

Retired equipment that was purchased on January $1,2015.$ The equipment cost $$135,800$ and had a useful life of $10$ years with no residual value. No proceeds were received.Presented here are selected transactions for Pharoah Limited for $2024.$ Pharoah uses straight$-$line depreciation and records adjusting entries annually.

Jan.

$1$ Sold a delivery truck for $$18,910$ cash. The truck cost $$67,900$ when it was purchased on January $1,2021,$ and was depreciated based on a four$-$year useful life with a $$6,080$ residual value.

Sept. $1$

Sold computers that were purchased on January $1,2022.$ They cost $$11,754$ and had a useful life of three years with no residual value. The computers were sold for $$470$ cash.

Dec. $30$

Retired equipment that was purchased on January $1,2015.$ The equipment cost $$135,800$ and had a useful life of $10$ years with no residual value. No proceeds were received.