The following are some transactions of Carla Vista Company for 2024. Carla Vista Company uses straight-line depreciation and has a December 31 year end. Apr. 1 July 30 Nov. 1 Retired a piece of equipment that was purchased on January 1, 2015, for $50,000. The equipment had an expected useful life of 10 years with no residual value. Sold equipment for $1,200 cash. The equipment was purchased on January 3, 2022, for $12,960 and was depreciated over an expected useful life of three years with no residual value. Traded in an old vehicle for a new vehicle, receiving a $10,000 trade-in allowance and paying $36,000 cash. The old vehicle had been purchased on November 1, 2018, at a cost of $32,000. The estimated useful life was eight years and the estimated residual value was $6,800. The fair value of the old vehicle was $8,900 on November 1, 2024. Date Account Titles Apr. 1 Accumulated Depreciation - Equipment Equipment Debit 1250 July 30 Accumulated Depreciation - Equipment 2520 Equipment Nov. 1 Accumulated Depreciation - Vehicles 3150 Vehicles eTextbook and Media List of Accounts 2.0 Credit 11 1250 2520 3150 Assistance Used