$($a$)$ Sheridan Company retires its delivery equipment, which cost $$47,790.$ Accumulated depreciation is also $$47,790$ on this delivery equipment. No salvage value is received.

$($b$)$ Assume the same information as in part $($a$),$ except that accumulated depreciation for the equipment is $$37,660$ instead of $$47,790.$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$ Accumulated Depreciation$-$Equipment

$($b$)$ Accumulated Depreciation$-$Equipment

Loss on Disposal of Plant Assets