Presented here are selected transactions for Crane Limited for 2021. Crane uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sept. 1 Sold a delivery truck for $19,140 cash. The truck cost $66,570 when it was purchased on January 1, 2018, and was depreciated based on a four-year useful life with a $6,250 residual value. Sold computers that were purchased on January 1, 2019. They cost $10.296 and had a useful life of three years with no residual value. The computers were sold for $510 cash. Retired equipment that was purchased on January 1, 2012. The equipment cost $149,400 and had a useful life of 10 years with no residual value. No proceeds were received. Dec 30