The following are some transactions of Surendal Company for 2021. Surendal Company uses straight-line depreciation and has a December 31 year end.

Apr. 1 Retired a piece of equipment that was purchased on January 1, 2012, for $45,000. The equipment had an expected useful life of 10 years with no residual value.

July 30 Sold equipment for $1,100 cash. The equipment was purchased on January 3, 2019, for $12,600 and was depreciated over an expected useful life of three years with no residual value.

Nov. 1 Traded in an old vehicle for a new vehicle, receiving a $10,000 trade-in allowance and paying $36,000 cash. The old vehicle had been purchased on November 1, 2015, at a cost of $35,000. The estimated useful life was eight years and the estimated residual value was $5,000. The fair value of the old vehicle was $7,000 on November 1, 2021.

Instructions

a. For each of these disposals, prepare a journal entry to record depreciation from January 1, 2021, to the date of disposal, if required.

b. Record the disposals.