Check my work 1 Drabinski Ltd. decided on 1 July 20x3 to dispose of an asset group consisting of land, a building, and equipment. An active plan of disposal is being carried out, and sale is highly probable within the following year. The assets' carrying values and estimated recoverable amounts at 1 July 20x3 are as follows: 10 points Land Building Equipment Estimated Carrying Recoverable Cost Value Amount $ 400,000 S 400,000 $ 420,000 2,700,000 1,500,000 900,000 900,000 400,000 300,000 54,000,000 $2,300,000 $1,620,000 cBook Print On 31 December 20X3, the net recoverable amount of the group is reliably estimated to be $1,640,000. On 1 April 20X4, the asset group is sold for $1,700,000, net of costs to sell. 0 References Prepare journal entries that are appropriate to record the information above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to write the depreciable assets down to their carrying value in their respective asset accounts. Note: Enter debits before credits. General Journal Debit Date 1 July 20x3 Screenshot points View transaction list Journal entry worksheet eBook Print Record the entry to write the depreciable assets down to their carrying value in their respective asset accounts. References Note: Enter debits before credits. Date General Journal Debit Credit 1 July 20X3 Record entry Clear entry View general journal Screenshot points View transaction list Journal entry worksheet eBook Print Record entry to reclassify the assets with loss or gain, if any. References Note: Enter debits before credits. Date General Journal Debit Credit 1 July 20X3 Record entry Clear entry View general journal Screenshot points View transaction list Journal entry worksheet eBook Print Record the current value of assets. References Note: Enter debits before credits. General Journal Debit Credit Date 31 December 20X3 Record entry Clear entry View general journal Screenshot points View transaction list Journal entry worksheet eBook