Here are selected 2017 transactions of blue corporation.
jan. 1 retired a piece of machi...
Business, 26.11.2019 23:31 deanlmartin
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 $61,900 and had a useful life 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 life of 4 years with no salvage value. the computer was sold for $4,800 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.
journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. blue corporation uses straight-line depreciation.
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