Dinnell Company, with a June 30 year-end, owns the following assets: In the year of acquisition and retirement of an asset, Dinnell records depreciation expense for one-half year. During 2020 , Asset A was sold for $7,000. How does grading work? GENERAL JOURNAL How does grading work? GENERAL JOURNAL Dinnell Company, with a June 30 year-end, owns the following assets: In the year of acquisition and retirement of an asset, Dinnell records depreciation expense for one-half year. During 2020 , Asset A was sold for $7,000. How does grading work? GENERAL JOURNAL How does grading work? GENERAL JOURNAL