Current Attempt in Progress Presented here are selected transactions for Carla Vista Limited for 2021. Carla Vista uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sold a delivery truck for $17,450 cash. The truck cost $57.900 when it was purchased on January 1, 2018, and was depreciated based on a four-year useful life with a $5,920 residual value. Sept. 1 Sold computers that were purchased on January 1, 2019. They cost $11,862 and had a useful life of three years with no residual value. The computers were sold for $510 cash. Dec. 30 Retired equipment that was purchased on January 1, 2012. The equipment cost $151,900 and had a useful life of 10 years with no residual value. No proceeds were received. Debit Credit Date Account Titles and Explanation Jan. 1 Cash 1.450 Accumulated Depreciation - Vehicles Loss on Disposal Vehicles Sept. 1 Depreciation Expense Accumulated Depreciation - Equipment (To record depreciation expense) 1 Cash Accumulated Depreciation - Equipment Loss on Disposal Equipment (To record the sale of equipment for cash) Dec. 30 (To record depreciation expense) 30 (To record the retirement of equipment)