47 Disposal of LT Asset On December 31, 2019, Sternberg Company sold office equipment for $10,000. The equipment was purchased on January 1, 2016, for $24,000. The asset was being depreciated over a five-year life using the straight-line method. No residual value was anticipated. 2 points Prepare the journal entry to record 2019 depreciation 48 4 points Prepare the journal entry to record the sale of the equipment