Equipment purchased for $6,000 on 1/1/19 was taken out of service at the beginning of August 2021 due to recurring maintenance problems. The companys attempts to find a buyer have been unsuccessful. Straight-line depreciation recorded on the equipment prior to 2021 was $2,400. No depreciation has been taken in 2021. If a buyer is not found, and that now appears likely, there will be no proceeds from disposing of the equipment.

Would the disposal of the equipment need to be recorded for 2021? Or just the depreciation?