Here are selected 2017 transactions of Marigold Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $63,000 and had a useful life of 10 years with no salvage value.
June 30 Sold a computer that was purchased on January 1, 2015. The computer cost $37,000 and had a useful life of 4 years with no salvage value. The computer was sold for $6,000 cash.
Dec. 31 Sold a delivery truck for $9,130 cash. The truck cost $24,500 when it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a $3,400 salvage value.

Required:
Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable.

Date        Account and explanation                        Debit$         Credit$

Jan 1        Accumulated depreciation-Machine       63000  

                         Machine                                                                  63000

June 30   Depreciation expense (37000/4)*6/12     4625  

                         Accumulated depreciation-Computer                   4625

                (To record Dep)

June 30    Cash                                                          6000  

                 Accumulated depreciation-Computer    23125

                 (37000/4*2.5)

                 Loss on sale of computer                        7875  

                          Computer                                                              37000

                 (To record sale of computer)

Dec 31     Depreciation expense (24500-3400/5)   4220  

                       Accumulated depreciation-Delivery truck              4220

               (To record Depreciation)  

Dec 31      Cash                                                           9130  

                Accumulated dep-Delivery truck             16880  

                Gain on sale of delivery truck                   1510

                        Delivery truck                                                  24500

                (To record sale of computer)

answer; a set of mutual funds with similar risk characteristics to your mutual fund;