50.1K

Verified Solution

Link Copied!

Jan. 1 Presented below are selected transactions at Bramble Corp. for 2019 Retired a piece of machinery that was purchased on January 1, 2009. The machine cost $64.500 on that date.it had a useful life of 10 years with no salvage Value Sold a computer that was purchased on January 1, 2016. The computer cost $35,400. It had a useful life of 5 years with no salvace value. The computer was sold for $14.900 Discarded a delivery truck that was purchased on January 1, 2015. The truck cost $35 880, it was depreciated based on a 6-year useful life with a $3,000 salvage value. June 30 Doc 31 Journalise all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposedot Bramble Corp. uses straight-line depreciation (Assume depreciation is up to date as of December 31, 2018. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts. Do not round intermediate calculations.) Date Account Titles and Explanation Debit Credit (To record deprechon to date of disposal) June 30 I To record sale of computer (To record depreciation to date of disposal Dec. 31 (To record retirement of truck)

Answer & Explanation Solved by verified expert

See Answer