Sandhill Co. had the following assets on January 1, 2025. Item Machinery Forklift Truck Cost $79,000 38,000 Date 44,400 Purchase Date Jan. 1, 2015 Jan. 1, 2022 Jan. 1, 2020 Useful Life (in years) 10 5 8 (To record sale of forklift) Salvage Value Account Titles and Explanation During 2025, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $12,800. The truck was discarded on December 31. $0 Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2024. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) (To record depreciation expense on forklift) 0 3,000 Debit Credit 4

Sanchill Ca. had the following assets on Jahuary 1, 2025. Ouring 2025, each of the assets was reinoved from service The machinery was isticed on lanuary 1 . The forkift was sold on lune 30 for $12,800. The truck was discarded on December 31. Journalize all entries required on the above dates, induding entries to update depreciation, where opplicable, on disposed assets. The compary uses straight dine depreciation. All depreciation was up to dase as of Oecember 31, 2024 . Aht all debit enteres before cendit Entry for the occount tides and enter of for the mounts) (To record decrecivion expense on forbint). (tho recoud wale of fonlont) Date Account nitles and Explanation Debit Credit Clorecord desrecotion epperse on forlaty) (To record wale of forkif?) (To recond depreciation expenie on buos) (To recout disoosil of truck)