Exchanged old office equipment and cash for new office equipment Apr. 1: Sold equipment that cost $24,000 (accumulated depreciation of $12,000 through December 31 of the preceding year). Stora received $7,500 cash from the sale of the equipment. Depreciation is compu on a straight-line basis. The equipment has a five-year useful life and a residual value of $0. Before we record the sale of the equipment, we must record depreciation on the equipment through April 1, 2016 Date Accounts and Explanation Apr 1 Depreciation Expense-Equipment Accumulated Depreciation-Equipment To record partial year depreciation on equipment Debit Credit Windows'u Etkinletir