Star Company purchased a computer on January 2, 2012, at a cost of $2,500. The computer is expected to have a useful life of five years and a residual value of $250. Assume that the computer is disposed of on July 1, 2015 and that straight-line depreciation is used.
Record a journal entry for July 1, 2015 for the following:
a.Record thed epreciation expense for half a year.
b. Record when the computer is discarded.
c. Record when the computer is sold for $400
d. Record when the computer is sold for $1,100