Presented here are selected transactions for Pine Company for 2014. Jan. I Retired a piece of machinery that was purchased on January 1. 2004. The machine cost $71,500 on that date and had a useful life of 10 years with no salvage value. June 30 Sold d computer that was purchased on January 1, 2011. The computer cost $31, 200 and i had a useful life of 5 year with no salvage value. The computer was sold for $12,480. Dec. 31 Divcdrded a delivery truck that was purchased on January 1. 2009. The truck cost $35,000 and was depreciated based on an 8-year useful life with d $5,200 salvage value