Copper Explorations recently acquired the rights to mine a new site. Equipment and a truck were purchased to begin mining operations at the site. Details of the mining assets follow:

Asset	Date of Purchase		Cost			Est. Residual				Est. Life
Mineral rights	Mar. 1/20		$	96,000		$	0			4 yrs
Equipment	Mar. 1/20			283,800			0			4 yrs
Truck	Mar. 1/20			134,400			0			4 yrs

Copper's year-end is December 31 and it uses the straight-line method for all mining assets including intangibles.

Required:

2. Assume the mine was closed on October 31, 2023, and the assets were scrapped. Record the disposal of the assets.

please send the answer in clear manner