Here are selected 2022 transactions of Bridgeport Company. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $63,500 and had a useful life of 10 years with no salvage value. June 30 Dec. 31 Sold a computer that was purchased on January 1, 2019. The computer cost $39,300 and had a useful life of 5 years with no salvage value. The computer was sold for $15,400 cash. Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $42,900. 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 of where applicable. Bridgeport Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021.) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in

Here are selected 2022 transactions of Bridgeport Company. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $63,500 and had a useful life of 10 years with no salvage value. June 30 Dec. 31 Sold a computer that was purchased on January 1, 2019. The computer cost $39,300 and had a useful life of 5 years with no salvage value. The computer was sold for $15,400 cash. Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $42,900. 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 of where applicable. Bridgeport Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021.) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in

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Description: Please help me Here are selected 2022 transactions of Bridgeport Company.Jan.1June 30Dec. 31Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $63,500 and had a useful lifeof 10 years with no salvage value.Sold a com

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter10: Long-lived Tangible And Intangible Assets

Section: Chapter Questions

Problem 26E

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