Exercise 9-7 Crane Company has delivery equipment that cost $50,200 and has been depreciated $23,800 Record entries for the disposal under the following assumptions. (Cred account titles are automaticamy indented when, smount enteed Do ?0t adent manualy-zrno entr required, select "No Entry" for the account titles and enter O for the amounts) (a) It was scrapped as having no value (b) It was sold for $37,900 It was sold for $18,800. No. Account Titles and Explanation Debit Credit