% 59-8 (similar to) Question Help On June 30, 2018, Perfect Landscapes discarded equipment that had a cost of $22,200. Accumulated Depreciation as of December 31, 2017, was $21,000. Assume annual depreciation on the equipment is $1,200. Journalize the partial-year depreciation expense and disposal of the equipment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jun. 30 Depreciation Expense-Equipment 600 Accumulated DepreciationEquipment 600 To record depreciation on equipment. Calculate any gain or loss on the disposal of the equipment. (Enter a "0" for items with a zero value. Enter a loss with a minus sign or parentheses.) Market value of assets received $ 0 Less: Book value of asset disposed of Cost $ 22,200 Less: Accumulated Depreciation (21,600) 600 Gain or (Loss) (600) Journalize the disposal of the equipment. Date Accounts and Explanation Debit Credit Jun. 30 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check