Balance Sheet Presentation (Equipment- Scrapped) FEDEX Delivery Equipment $50,000 Less: Accumulated Depreciation: ($24,000) Net Equipment-Book Value$26,000 Instructions: Equipment was scrapged as having no value; prepare the Journal Entry for the disposal of the plant asset Balance Sheet Presentation (Equipment-Sold) FEDEX. Delivery Equipment $50,000 Less: Accumulated Depreciation: ($24,000) Net Equipment-Book Value$26.000 Instructions: Equipment was sold for $37,000; what is the Journal Entry? Debit Debit Credit Credit Debit Debit Instructions: Equipment was sold for $20,000; what is the Journal Entry? Debit Debit Debit Credit Credit