Presented here are selected transactions for Ivanhoe Limited for 2018. Ivanhoe uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sold a delivery truck for $19.480 cash. The truck cost $63.080 when it was purchased on January 1, 2015, and was depreciated based on a four-year useful life with a $5,600 residual value. Sept. 1 Sold computers that were purchased on January 1, 2016. They cost $11.754 and had a useful life of three years with no residual value. The computers were sold for $450 cash. Dec 30 Retired equipment that was purchased on January 1, 2009. The equipment cost $148,100 and had a useful life of 10 years with no residual value. No proceeds were received