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The following are some transactions of Ivanhoe Company for 2024. Ivanhoe 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 Ivanhoe Company for 2024. Ivanhoe 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 iffe of 10 years with no residualvalue. July 30 Sold equipment for $1,700 cash. The equipmerit was purchased on January 3,2022, for $13,680 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 oid vehicle had been purchased on November 1,2018, at a cost of $36,200. The estimated usefullife was elght years and the es timated residual value was $6.200. The fair value of the old vehicle was $8.500 on November 1,2024. For each of these disposals, prepare a, journal 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 manualiy. If no entry is required, select "No Entry" for the aceount titles and enter 9 for the amounts. List debit entry before credit entry. Record journal entries in the order. presented in the problem. For each of these disposals, prepare a journal entry to record depreciation from January 1.2024 , to the date of disposal, if required. (Credit account titles are automatically iridented wher the amount is entered, Do not indent manually. If no entryis requined. select "No Entry" for the account titles and enter O for the amounts List debit entry before credit entry. Record journal entries in the onder. presented in the problem. Record the disposals (Credit account tities are autematcally indented when the amount benterd. Donot indent manuafk if no entry it entries in the order presented in the problem) eTextbook and Media List of Accounts forks for 4=i Artiemats 9 of 1 used

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