Here are selected $2022$ transactions of Bramble Company.Jan$\mathrm{.}1$Retired a piece of machinery that was purchased on January $1,2012.$ The machine cost $$62,000$ and had a useful life of $10$ years with no salvage value.June $30-$Sold a computer that was purchased on January $1,2019.$ The computer cost $$39,700$ and had a useful life of $5$ years with po salvage value. The computer was sold for $$14,100$ cash.Dec$\mathrm{.}31$Discarded a delivery truck that was purchased on January $1,2018.$ The truck cost $$34,320.$ It was depreciated based on a $6-$year useful life with a $$3,000$ salvage value.Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable.Bramble Company uses straight$-$line depreciation. $($Assume depreciation is up to date as of December $31,2021.)$

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To journalize the transactions of Bramble Company including the entries to update depreciation on as... View the full answer