The following are some trarsactions of Ivanhoe Company for 2024, Ivanhoe Compary uses straight-line depreciation and has a Decernber 31 year end. Apri 1 Retired a piece of equipment that was purchased on January 1,2015, for $49,000. The equipment had an expected useful life of 10 years with no residual value. July 30 Sold equipment for $1,700 cash. The equipment 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 vehicte, 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 $30,000. The estimated useful life was eight years and the estimated residual value was $6,000. The fair value of the old vehicle was $8,300 on November 1,2024 For each of these disposals, prepare a journal entry to record depreciation from January 1.2024, to the date of disposali if required, (Credit account titles are automatically indented when the amount is entered. Do not indent monually. if no entry is required, select "No Entry' for the account titles and enter Ofor the amounts. List debit entry before credit entry Record journal entries in the order presented in the problem. Record the disposals. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the omounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)