QUESTION 2 (8 MARKS] Presented below are selected transactions at IPL Company for 2019: Date Transactions Jul 1, 2019 Sold machinery that was purchased on Jan 1, 2015. The machinery cost $40,000 on that date. It had a useful life of 4 years with no salvage value. The machinery was sold for $9,000. 13 Marks July 31, 2019 Discarded an equipment that was purchased on August 1, 2018. The equipment cost $18,000. It was depreciated based on a 4-year useful life with a $2,000 salvage value. 13 Marks) Dec 31, 2019 Retired a delivery truck that was purchased on February 1, 2015. The delivery truck cost $36,000 on that date. It had a useful life of 3 years with no salvage value 12 Marks IPL Company uses straight-line depreciation method for all of the assets. REQUIRED: Prepare relevant journal entries to record the disposal of the assets of the above transactions and the depreciation for the financial year 2019 lif applicable). The depreciation for the year ended on 31/12/2018 is already recorded. QUESTION 3 [4 MARKS) MacBook Air