| Jan. 1 |
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Retired a piece of machinery that was purchased on January 1, 2004. The machine cost $62,140 and had a useful life of 10 years with no salvage value. |
| June 30 |
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Sold a computer that was purchased on January 1, 2012. The computer cost $35,000 and had a useful life of 4 years with no salvage value. The computer was sold for $5,610 cash. |
| Dec. 31 |
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Sold a delivery truck for $9,050 cash. The truck cost $24,990 when it was purchased on January 1, 2011, and was depreciated based on a 5-year useful life with a $3,870 salvage value. |
Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Cleland Corporation uses straight-line depreciation.
(Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
| Date |
Account Titles and Explanation |
Debit |
Credit |
 Dec. 31Jan. 1June 30 |
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| June 30Dec. 31Jan. 1 |
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(To record depreciation expense for the first 6 months of 2014) |
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| Dec. 31Jan. 1June 30 |
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(To record depreciation expense for the year 2014) |
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