Cinema Paradiso Company purchased equipment in 2013 for $160,000 and estimated a $10,000 salvage value at the end of the equipment's 10-year useful life. At December 31, 2019, there was $105,000 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2020, the equipment was sold for $42,000.

Indicate the accounts that are increased and/or decreased and by which amount to remove the equipment from the books of Brown Company on March 31, 2020.

Genesis Company sold a machine for $12,000. The machine originally cost $34,000 in 2018 and $8,000 was spent on a major overhaul in 2021 (charged to the Equipment account). Accumulated Depreciation on the machine to the date of disposal was $30,000.

Indicate which accounts are increased and /or decreased and by which amount to record the disposition of the machine.