ASSET DISPOSAL ABC Traders Use the following information to draw up the given accounts in the Ledger. Balance / Close the accounts on 30 September 2020. Information On 31 December 2019 the business sold old equipment for cash at a loss of R1 000. This equipment had originally been bought for R17 500. The depreciation form the beginning of this year to the date of sale is R500. On 1 April 2020 new equipment was bought for R96 000 on credit. The installation charge of R3 500 was paid by cheque immediately. Depreciation is calculated at 20% p.a. on the carrying value. Opening balances at 1 October 2019: Equipment Accumulated Depreciation on Equipment R 128 000 R 44 640 Required Complete the Ledger account for: Equipment, Accumulated Decrepitation on Equipment and Asset Disposal