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Questions Presented below are selected transactions at Cullumber Company for 2020. an 1 Retired a piece of machinery that was purchased on January 1, 2010.

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Questions Presented below are selected transactions at Cullumber Company for 2020. an 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $60,000 on that date. It had a ter of 10 years with ro salvage vue June 30 Sold a computer that was purchased on January 1, 2017. The computer cout $30,000. It has a state of 5 years with no salvage value. The computer was sold for $13,000 Dec 31 Discarded a delivery truck that was purchased on Monuary 1, 2016. The truck cost $33,000. It was depreciated based on a year use we with a 13,000 salvage value Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on es disposed of. Cullumber Company uses straight-line depreciation (Arsum depreciation is up to date as of December 31, 2010)(Credit accountries are automatically indented when amount is entered. Do not indent manually. Record mal entries to the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts. Do not round intermediate calculations.) Date Account Tities and Explanation Debat Credit + + To record depreciation to date of disposal) June 30 To record sale of computer)

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