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 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. July 30 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. Nov. 1 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. (a) Your answer is partially correct. assignment 7 Question 4 of 7 tpr.1 Depreciation Expense Accumulated Depreciation - Equipment uly 30 Depreciation Expense Accumulated Depreciation - Equipment Jov. 1 Depreciation Expense Accumulated Depreciation - Equipment 0.4/1 1250 eTextbook and Media List of Accounts Save for Later Last saved 1 second ago. Attempts: 1 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes