a 1 An E10.9 (LO 3) Presented below are selected transactions at Ridge Company for 2020, Journalize entries for disposal of plant assets. Jan Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,000 on that date. It had a useful life of 10 years with no salvage value. June Sold a computer that was purchased on January 1, 2017. The computer cost $45,000. It had a useful life of 5 years with no salvage 30 value. The computer was sold for $14,000 Dec Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $33,000 it was depreciated based on a 6-year useful 31 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. Ridge Company uses straight-line depreciation (Assume depreciation is up to date as of December 31, 2019) E10.10 (LO 3) Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2017. It has been depreciated using the straight- line method based on estimated salvage value of $5,000 and an estimated useful life of 5 years. Journalize entries for disposal of equipment Instructions Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations a. Sold for $31.000 on January 1, 2020 b. Sold for $31.000 on May 1, 2020 10-37 /21/