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Presented below are selected transactions at Concord Company for $2025.$

Jan. $1$ Retired a piece of machinery that was purchased on January $1,2015.$ The machine cost $60,300$ on that date. It had a useful life of $10$ years with no residual value.

June $30$ Sold a computer that was purchased on January $1,2022.$ The computer cost $45,000.$ It had a useful life of $5$ years with no residual value. The computer was sold for $15,100.$

Dec. $31$ Discarded a delivery truck that was purchased on January $1,2021.$ The truck cost $42,940.$ It was depreciated based on a $6-$year useful life with a $4,000$ residual value.

Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of$.$ Concord Company uses straight$-$line depreciation. $($Assume depreciation is up to date as of December $31,2024.)($Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$($To record depreciation$)$

$$

$$

$$

$$

$$

$$

$$

$$

$($To record the sale of equipment$)$

$$

$$

$$

$$

$$

$($To record the discarding of equipment$)$

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