Required:

Ignore GST. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Annandale Ltd uses straight-line depreciation method. The reporting period ends on 31 December.

Narrations are not required.

Presented below are selected transactions for Annandale Ltd during the year 2019. 1 Jan Sold computers that was purchased on 1 July 2015. The computers cost $24,000, had a useful life of 8 years with no residual value. The computers were sold for $12,000 cash. June 30 Sold a vehicle for $33,000 on cash that was purchased on 1 July 2013. The vehicle cost $54,000 and was depreciated based on a 10-year useful life with a $9,000 residual value. Dec. 31 Scrapped machinery that was purchased on 1 January 2014. The machine cost $36,000 and had a useful life of 6 years with no residual value