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- 12 View Policies Current Attempt in Progress Presented below are selected transactions at Indigo Company for 2020 Jan. 1 June 30 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost E60,300 on that date had useful life of 10 years with no residual value. 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 residual value. The computer was sold for E15.100 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost E41.940. It was depreciated based on a 6-year useful life with a 3,000 residual value Dec 31 a Journalize all entries required on the above dates, including entries to update depreciation where applicable, on assets disposedot Indigo Company uses straight-line depreciation (Assume depreciation is up to date as of December 31, 2019.)(Ondit account automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation -12 Debit (To record depreciation) To record the sale of equipment) To record depreciation ading