Smythe Co, purchased computer equipment on January 1, 2011 for $6,500. The computer equipment had an estimated life of 4 years and an estimated redidual value of $900. The company depreciated the equipment using the straight-line method. On January 1, 2014 the company sold the computer equipment for $1,000. Prepare the journal entry to record the sale. Smythe purchased a truck on January 1. 2010 for $28.500. The company deeded to deprecate the truck over a 4-year period using the straight-line method. On January 1. 2012, the company determined that a 6-year life should have been used to depreciate the truck. The estimated residual value of $4,500 was not affected by the revision of the asset s life. Determine the amounts to be recorded as annual depreciation expense for 2010 and 2012