1.) Assume the company uses the straight line method of depreciation. Prepare the required year adjusting journal entry for depreciation expense at December 31, 2014. Depreciation Expense- $6,000 Accumulated Depreciation$6,900 2.) Equipment Costing $60,000, having a Net Book Value of $10,000 on January 1, 2016, that is depreciated at the rate of $4,000 annually, is sold for $9,000 on June 30, 2016. Prepare the journal entries On June 30th to: a. Bring Depreciation Expense up-to-date. b. Record the sale