Question: WE 1 2 30 04 06 02 Exercise 10-09 Presented below are selected transactions at Ridge Company for 2020 lon 1 Retired a piece of
WE 1 2 30 04 06 02 Exercise 10-09 Presented below are selected transactions at Ridge Company for 2020 lon 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,000 on that date. It has a seule of 10 years with seve June 30 Sold a computer that was purchased on tanuary 1, 2017. The computer com 45.000. It had a useful life of years with a salvage value. The computer was sold for $14.000 Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cout $33,000. It was deprecated based on a 6-year useful life with $3.000 lage valur Journalire al entries required on the above dates, including entries to update depreciation, where aplicatie, on assets disposed o de Company Designe depreciation. Asuine depreciation is up to date as of December 31, 2019.) (Credit account few are automatically indented when amount is entered Doserindent naty Record journal arties in the order presented in the problem. Ir ne entry is required, "No Entry for the account title and enter for the amounts) Account Titles and Explanation Debit Credit To record depreciation to date of by
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