Describe the purchase of an item of Property, Plant and Equipment so that your peers can determine depreciation for that first year using both the Straight-Line Method and the Units of Activity Method. Then describe the sale of that item at the end of it's life so that your peers can determine if there was a gain or loss on disposal. When you reply to someone's post you need to create the journal entry for depreciation for the end of the first year that the item was purchased. You then need to create the journal entry to record the sale of that item at the end of its life. Describe the purchase of an item of Property, Plant and Equipment so that your peers can determine depreciation for that first year using both the Straight-Line Method and the Units of Activity Method. Then describe the sale of that item at the end of it's life so that your peers can determine if there was a gain or loss on disposal. When you reply to someone's post you need to create the journal entry for depreciation for the end of the first year that the item was purchased. You then need to create the journal entry to record the sale of that item at the end of its life