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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ekkarill92 answered 2 years ago

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

Here are selected 2017 transactions of Novak Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,400 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 $35,600 and had a useful life of 4 years with no salvage value. The computer was sold for $4,700 cash. Dec. 31 Sold a delivery truck for...

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Here are selected 2022 transactions of Ayayai Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,000 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $35,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash. Dec. 31 Sold a delivery truck for...

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Here are selected 2022 transactions of Sarasota Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,500 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $36,400 and had a useful life of 4 years with no salvage value. The computer was sold for $4,100 cash. Dec. 31 Sold a delivery truck for...

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Here are selected 2022 transactions of Culver Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,300 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $35,800 and had a useful life of 4 years with no salvage value. The computer was sold for $4,100 cash. Dec. 31 Sold a delivery truck for...

Presented below are selected transactions at Ridge Company for 2017. Jan. 1 Retired a piece of...

Presented below are selected transactions at Ridge Company for 2017. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $64,500 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2014. The computer cost $39,800. It had a useful life of 5 years with no salvage value. The computer was sold for $13,700. Dec. 31 Discarded...

Jan 1 Retired a piece of machinery that was purchased on Jan 1 2010. The machine...

Jan 1 Retired a piece of machinery that was purchased on Jan 1 2010. The machine cost $62400 on that date.It had a useful life of 10 years with no salvage. June 30 Sold a computer that was purchased on January 1,2017. The computer cost $35,500. It had a useful life of 5 years with no salvage value. The computer was sold for $14,100. Dec 31 Discarded a delivery truck that was purchased on Jan 1 2016. The truck cost...

Presented below are selected transactions at Ridge Company for 2015. Jan. 1 Retired a piece of...

Presented below are selected transactions at Ridge Company for 2015. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2005. The machine cost $60,190 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2012. The computer cost $37,090. It had a useful life of 5 years with no salvage value. The computer was sold for $14,160. Dec. 31 Discarded...

Presented below are selected transactions at Blue Spruce Company for 2020. Jan. 1 Retired a piece...

Presented below are selected transactions at Blue Spruce Company for 2020. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,400 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2017. The computer cost $42,900. It had a useful life of 5 years with no salvage value. The computer was sold for $15,100. Dec. 31...

Presented below are selected transactions at Splish Brothers Inc. for 2020. Jan. 1 Retired a piece...

Presented below are selected transactions at Splish Brothers Inc. for 2020. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $63,800 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2017. The computer cost $37,800. It had a useful life of 5 years with no salvage value. The computer was sold for $15,100. Dec. 31...

Luther Company’s selected transactions during 2017, 2018, 2019 and 2020 are as follows: Jan. 1, 2017...

Luther Company’s selected transactions during 2017, 2018, 2019 and 2020 are as follows: Jan. 1, 2017 Purchased a packaging machine for 24.150 TL on account. The machine has a useful life of 5 years and salvage value of 2.450 TL. The machine requires installation cost of 12.560 TL and also company paid transportation cost of 2.000 TL. Machinery will be depreciated by using double declining balance method. March 1, 2018 Paid 314.000 TL cash for a new delivery truck and...

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