During 2022, each of the assets was removed from service. The machinery was retired on...
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Accounting
During 2022, each of the assets was removed from service. The machinery was retired on January 1 . The forklift was sold on June 30 for $10,800. The truck was discarded on December 31 . Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2021. (Credit eccount tilles are outomatically indented when the emount is entered, Do not indent manually if no entry is required, select "No Entry" for the occount tites and enter ofor the amounts)
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