The following are some transactions of Pharoah Company for 2024. Pharoah 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. was $6,700. The fair value of the old vehicle was $9,100 on November 1,2024 . presented in the problem.) Date Account Titles Account Titles Debit Credit Credit (x)