Equipment acquired at a cost of $126,000 has a book value of $42,000.

Required:

	Journalize the disposal of the equipment under the following independent assumptions.
(a)	The equipment had no market value and was discarded.*
(b)	The equipment is sold for $54,000.*
(c)	The equipment is sold for $24,000.*
(d)	The equipment is traded-in for a similar asset. The list price of the new equipment is $63,000. The buyer gave no cash in the exchange. The transaction lacks commercial substance.*
	*Refer to the Chart of Accounts for exact wording of account titles.