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Exercise 9 09 (Vidro) Preseated below are selected tramactions at Ridge Corapany for 2020 Jan....

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Accounting

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Exercise 9 09 (Vidro) Preseated below are selected tramactions at Ridge Corapany for 2020 Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,000 on June 30 Sold a computer that was purchased on January 1, 2017. The computer cost $45,000. It had a useful Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $33,000. It was that date. It had a useful life of 10 years with no salvage value. life of 5 years with no salvage value. The computer was sold for $14,000. depreciated based on a 6-year useful life with a $3,000 salvage value. Journalize all entries required on the above dates, inclading entries to update depreciation, where applicable, on assets disposed of Ridge Company uses straight-line depreciation (Assume depreciation in up to date as of December 31, 2019) Date Account Titles and Explanation Debit Credit (To record depreciation to date of disposal) June 30 (To record sale of computer) (To record depreciation to date of disposal) Dec. 31 (Tn rerord retirement nf trurk)

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