Subject: Your answer is partially correct.Here are selected 2022 transactions of Sarasota Company.Jan.1June 30Dec. 31Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $60,300 and had a useful lifeof 10 years with no salvage value.Sold a computer that was purchased on January 1, 2019. The computer cost $45,000 and had a useful life of 5 yearswith no salvage value. The computer was sold for $15,100 cash.Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $41,940. It was depreciated basedon 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 of where applicable.Sarasota Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021.) (List all debitentries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indentmanually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for theaccount titles and enter 0 for the amounts.)

Name: Subject: Your answer is partially correct.Here are selected 2022 trans
Uploaded: 2024-03-05T11:50:36.000Z
Channel: Bartleby
Description: Subject: Your answer is partially correct.Here are selected 2022 transactions of Sarasota Company.Jan.1June 30Dec. 31Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $60,300 and had a useful lifeof 10 years with no