As part of a major renovation at the beginning of the year,

Homework Help Save & Exit Submit Check my work Required information The following information applies to the questions displayed below) As part of a major renovation at the beginning of the year, Atlase Pharmaceuticals, Inc, sold shelving units recorded as Equipment that were 10 years old for $1,370 cash. The shelves originally cost $8.680 and had been depreciated on a straight line basis over an estimated useful life of 10 years with an estimated residual value of $780, 1. Complete the table below, indicating the account amount and direction of the effect on disposal. Assume that depreciation has been recorded to the date of sale. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign. Do not round Intermediate calculations.) Assets Liabilities Stockholder's Equity Prev 3 4 of 7 Next >