Date April 1 Account Titles and Explanation Land May 1 Cash Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation on equipment sold) Accumulated Depreciation-Equipment Cash Gain on Disposal of Plant Assets Equipment June 1 Cash Land Gain on Disposal of Plant Assets July 1 Equipment Cash Dec. 31 Depreciation Expense 15 > Accumulated Depreciation-Equipment (To record depreciation on equipment retired) Debit 2565200 Credit 1>F > 23320 2565200 513040 198200 1865600 1282600 23320 11640 699600 699600 x 1166000 81620 1282600 81620