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Here are selected 2022 transactions of Swifty Company. Jan. 1 June 30 Dec. 31 Retired...

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Accounting

Here are selected 2022 transactions of Swifty Company. Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $64,000 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2019. The computer cost $43,500 and had a useful life of 5 years with no salvage value. The computer was sold for $15,200 cash. Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $40,080. It was depreciated based on a 6-year useful life with a $3,000 salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed

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