Question 6 Presented here are selected transactions for Blossom Limited for 2018. Blossom uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sold a delivery truck for $17,570 cash. The truck cost $61,300 when it was purchased on January 1, 2015, and was depreciated based on a four-year useful life with a $5,460 residual value. Sept. 1 Sold computers that were purchased on January 1, 2016. They cost $10,377 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, 2009. The equipment cost $149,100 and had a useful life of 10 years with no residual value. No proceeds were received. Date Account Titles and Explanation Debit Credit Jan. 1 Sept. 1 (To record depreciation expense) 1 (To record the sale of equipment for cash) Dec. 30 (To record depreciation expense) 30 (To record the retirement of equipment)