Here are selected 2017 transactions of Martinez Corporation. Jan. 1 Retired a piece of machinery that...

Here are selected 2017 transactions of Martinez Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $62,800 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 $4,300 cash. Dec. 31 Sold a delivery truck for $9,250 cash. The truck cost $23,200 when it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a $4,100 salvage value. Prepare a tabular summary to record all transactions described on the above dates. Update depreciation on assets disposed of, where applicable. Martinez Corporation uses straight-line depreciation

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