a- The cost of equipment SR60,000 accumulated depreciation SR45,000. The company disposes the equipment (no salvage value). Prepare the journal entry.

b The cost of equipment SR85,000 accumulated depreciation SR70,000

The company sold the equipment for 30,000. Prepare the journal entry.

c The company received an equipment as a government grant equal $5600,000 on Jan. 1, 2020, the useful life of the equipment is 3 years.

Record the transaction on Jan. 1, 2020 and prepare the required entries on Dec. 31, 2020.