clapper company purchased equipment on January 1, 2011 for $90,000 and estimated a $10,000 salvage value at the end of its equipments 10 year useful life. as of January 1, 2019 there was $64,000 and accumulated depreciation for this equipment using the straight-line method of depreciation and has not adjusted for depreciation in the current year. The equipment was sold for $28,000 on March 31, 2019.

Prepare the appropriate journal entries to update the depreciation and record the sale of equipment on March 31, 2019

Prepare the same entry to remove the equipment if it had been sold for 18,000 (not 28,000)