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Your answer is partially correct. Try again. Here are selected 2017 transactions of Blue Corporation. Jan.1 Retired a piece of machinery that was purchased on
Your answer is partially correct. Try again. Here are selected 2017 transactions of Blue Corporation. Jan.1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost S61,900 and had a useful iHe of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1. 2015. The computer cost $36,400 and had a useful lite of 4 years with no salvage value. The computer was sold for S4,800 cash. Dec. 31 Sold a delivery truck for $9,030 cash. The truck cost $23,500 when it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a $3,500 salvage value. Prepare a tabular summary to record all transactions described on the above dates. Update depreciation on assets dsposed of, where applicable. Blue Corporation uses straighi-line depreciation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a nogative sign (or parenthesos) in front of the amount entered for the particular Asset, Liability or Equity itom that was reducod.) Assets Stockholders' Equity Retained Earnings Cash Equipment Accum. Depr.-Equip. + Common Stock + Dividend = - Jan. 1 61900 61900 June 30 4550 4550 8850 Loss on disposal Dec. 31 4000 4000 1530 Gain on disposal Click if you would like to Show Work for this question: Open Show Work
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