dlsosal ofavo od hen tm ps property, plant, and equpment account ndudes heavy construction equipment. The folowing tansactions relate e -oi decided to dispose of one of ts pieces of heavy machinery and replace it with a newer, more officient model. OI received $155,000 cash on the sale of the nt, since it is a significant part that needs replacing. The scoop was replaced t E machine. At the date of the sale, the machine had a net book value of $66,000. The original cost of the equipment was $560,000. Equipment T year at a cost of $230,000. The scoop was depreciated separately. The net book value of the scoop at the date of replacement was $31,000. Its original cost was $116,000 quired vide the journal entry for the two pieces of equipment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the sale of equipment 1. 4 8 5 6