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Presented here are selected transactions for Ivanhoe Limited for 2024. Ivanhoe uses straight-line depreciation and...

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Accounting

Presented here are selected transactions for Ivanhoe Limited for 2024. Ivanhoe uses straight-line depreciation and records adjusting entries annually.
Jan.
1
Sold a delivery truck for $19,480 cash. The truck cost $63,080 when it was purchased on January 1,2021, and was depreciated based on a four-year useful life with a $5,600 residual value.
Sept.
1
Sold computers that were purchased on January 1,2022. They cost $11,754 and had a useful life of three years with no residual value. The computers were sold for $450 cash.
Dec.
30
Retired equipment that was purchased on January 1,2015. The equipment cost $148,100 and had a useful life of 10 years with no residual value. No proceeds were received.
(a)
Record the above transactions.

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