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Presented Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,100 on that date. It had a

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Presented Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,100 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, 2017. The computer cost $36,000. It had a useful life of 5 years with 10 salvage value. The computer was sold for $15,200. Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $40,440. It was depreciated based on a 6-year useful life with a $3,000 salvage value. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Larkspur, Inc. uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2019.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. not round intermediate calculations.) Date Account Titles and Explanation Debit Credit Dan. 1) TAccumulated Depreciation-Equipment 162100 Equipment 762100 June 30 [Depreciation Expense (3600) Accumulated Depreciation-Equipment 73600 To record depreciation to date of disposal) X June 30 Accumulated Depreciation-Equipment 15200 Cash 25200 Gain on Disposal of Plant Assets 14400 Equipment 36000 (To record sale of computer) Dec. 31 Depreciation Expense 16240) TAccumulated Depreciation-Equipment 47 76240 (To record depreciation to date of disposal) Dec. 31 Accumulated Depreciation-Equipment 24960 Loss on Disposal of Plant Assets 15840 (Equipment) (40440) (To record retirement of truck)

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