and disposal of furniture, (LO 2, 4) AP Instructions (a) Record the acqui (b) Record depreciaticecord the disa nord the acquisition of the furniture on February 4, 2015, Record depreciation for each of 2015, 2016, and 2017, cord the disposal on January 26, 2018, under the following assumptions: 1. It was scrapped and has no residual value. 2. It was sold for $30,000. 3. It was sold for $40.000. 4. It was traded for new furniture with a catalogue price of $100.000. Walker Co. was given a trade-in allow ance of $45,000 on the old furniture and paid the balance in cash. Walker Co. determined that the old furniture's fair value was $30,000 at the date of the exchange