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  3. presented below are selected transactions at novak company for 2020...

Question: presented below are selected transactions at novak company for 2020...

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Presented below are selected transactions at Novak Company for 2020.

Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $64,300 on that date. It had a useful life of 10 years with no salvage value.
June 30 Sold a computer that was purchased on January 1, 2017. The computer cost $42,300. It had a useful life of 5 years with no salvage value. The computer was sold for $14,700.
Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $42,000. It was depreciated based on a 6-year useful life with a $3,000 salvage value.
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