Exercise 11-19 Presented below is information related to equipment owned by Pujols Company at December 31, 2015. Cost Accumulated depreciation to date Value-in-use Fair value less cost of disposal 9,000,000 1,000,000 7,000,000 4,400,000 Assume that Pujols intends to dispose of the equipment in the coming year. As of December 31, 2015, the equipment has a remaining useful life of 4 years. Your answer is partially correct. Try again. The asset was not sold by December 31, 2016. The fair value of the equipment on that date is 5,100,000. Prepare the journal entry (if any) necessary to record this increase. It is expected that the cost of disposal is 20,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense X Accumulated Depreciati