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Blue Spruce Co. has equipment that costs $79,200 and that has been depreciated $50,300. Record the disposal under the following assumptions. (a) It was scrapped

Blue Spruce Co. has equipment that costs $79,200 and that has been depreciated $50,300. Record the disposal under the following assumptions. (a) It was scrapped as having no value. (b) It was sold for $20,200. (c) It was sold for $36,400. No. Account Titles and Explanation Debit Credit

Can you show how you got these numbers, Thank you

No. Accounts Titles and Explanation Debit Credit
a) Loss on Sale Equipment 28900
Accum. Depreciation- Equipment 50300
Equipment

79200

b) Cash
Accum Depreciation Equipment 50300
c)
Equipment 79200

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