Exercise 244 Vineyard Company sold the following two pieces of equipment in 2014: Equipment A Equipment B Cost $116,000 $63,000 Purchase date Useful life 8 years 5 years $4,000 Salvage value $3,000 Depreciation method straight-line Straight-line Date sold Sales price $49,000 $20,000 Jou entries required to update depreciation and reco nd the sales of the two assets in 2014 he company has recorded depreciatio n the equipment through December 31, 2013. (Credit account titles are nalize a 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 0 for the amounts.) Equipment A Date Account Titles and Explanation Credit July 1. (To record depreciation) (To record the sale of asset) Equipment B Date Account Titles and Explanation Debit Credit Sept. 1 (To record depreciation) (To record the sale of asset)