Presented here are selected transactions for Sager Company for 2010.
Jan. 1 Retired a piece of machinery that was purchased on January 1, 2000. The machine cost $71,000 on that date and had a useful life of 10 years with no salvage value.
June 30 Sold a computer that was purchased on January 1, 2007. The computer cost $30,000 and had a useful life of 5 years with no salvage value. The computer was sold for $10,000.
Dec. 31 Discarded a delivery truck that was purchased on January 1, 2005. The truck cost $31,000 and was depreciated based on an 8-year useful life with a $3,000 salvage value.

Instructions
Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Sager Company uses straight-line depreciation.