(Solved by Expert Tutors) (a)Journalize the transactions. Navaro uses straight-line depreciation f

are estimated to have a?40-year useful life and no salvage value; the equipment is estimated to have a?10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement.(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
?April 1May 1June 1July 1Dec. 31
?April 1May 1June 1July 1Dec. 31
(To record depreciation on equipment sold)
?April 1May 1June 1July 1Dec. 31
?April 1May 1June 1July 1Dec. 31
?April 1May 1June 1July 1Dec. 31
(To record depreciation on equipment retired)

 

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