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The following are some transactions of Crane Company for 2024. Crane Company uses straight-line depreciation and has a December 31 year end. Apr, 1 Retired

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The following are some transactions of Crane Company for 2024. Crane Company uses straight-line depreciation and has a December 31 year end. Apr, 1 Retired a pince of equipment that was purchased on Jarsary 1,2015, for $56.000. The equipoient had an expected isefil life of 10 years with no residual value. July 30 Sold equipment for $1.600 earh. The equipment wis purchased on january 3,2022 for $13.320 and was depreciated over an expected useful ifte of three years with na residaal value Navi 1 Traded in an old velicle for a now vehicie, receiving a $10,000 trade in allowance and parying 536,000 cash. The old vehicle had been purchaned on November 1,2018 , at a cost of $33,600. The estimsted useful life was eight years and the estimated residual value was $6,000. The fair value of the old vehicie was $8,600 on November 1,2024, For esch at these difpesuls, prepore a joumal entry to record depreciation trom January 1,2024,10 the dale of disposal, if required (Credit occount tities are outomatically indented when the ansount is entered. Do not indent manually if no entry is required, sedect 'No Entry' for the account tithes and enter Ofor the emounts. List deht entry before credit entry Record journol entries in the ortles. presented in the problem! For each of these disposals, prepare ajournal entry to record depreciation from January 1,2024 , to the date of disposal, if required. (Credit account titles are automatically indented when the amount is entered Do not indent manuolly, If no entry is required, select "No Entry" for the account titles and enter O for the amounts List debit entry before credit entry. Record journal entries in the order. presented in the problem.) Record the disposals. (Credit occount titles are dutomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles Debit Credit

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