Carla Vista Ltd. purchased a piece of equipment on May 12,2024 , for $50,800. At the time, management determined that the equipment would have a 4-year useful life and a residual value $4,000. Carla ista uses the straight-line depreciation method for its equipment, and the company has a December 31 year end. Also assume that Astrom sold the equipment on September 25, 2026, for $20,320. Hint: Depreciate to the nearest full month. (Record entries in the order manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) (To record depreciation expense) , 2026 (To record sale of equipment) eTextbook and Media List of Accounts Save for Later Last saved 9 days ago. Saved work will be auto-submitted on the due date. Auto-submission can take up to 10 minutes. Attempts: 0 of 2 used Submit