Explanations would be appreciated, thanks!

Es/SGA9%20Handout(1).pdf Scenario Diagonal of Equiment due to Sale On September 30, 2019, Wild Manufacturing, Inc sells the equipment for $40,000 Prepare the adjusting Journal entry to record the 2019 depreciation to date of sale) Account Debit Credit Recording the Acquisition and Depreciation of Equipment Wildcat Manufacturing Inc purchased and installied equipment on January 1, 2018 The company paid cash for the following costs Description Cost Equipment cost including sales tax 60.000 Transportation fees 2.200 Installation fees 800 Total purchase conta 63 000 Calculate the gain foss) on disposal and prepare the required journal entry Proceeds on Sale Less: Book Val of Ass Cost of Asset Accurated Depreciation Cain or loss) Prepare the journal entry to record the acquisition of the equipment Account Debit Account Debit Credit Credit Wildcat Manufacturing equipment is estimated to have a use of 3 years and a $3,000 residual value. Complete the depreciation schedule for me ement by using the straightine method Income statement Balance Sheet Year Ended Depreciwion Cost Accumulated Book Valve At acquisition 2018 2010 2020 Total Iconado 22. Spoof ant due to Damage on March 31, 2019, Widow Manufacturing the spent suffered Wreparable damage from an accident and was removed immediately by alvage company in COM Prepare the adjusting journal entry to record the 2019 depreciation to date of inposat) Account Debit Credit Prepare the adjusting journal entry to record the 2018 depreciation Account Debit Calculate the info on disposal and prepare the required fountry Proceeds on Sale Less Book Value of Asset Cost of Asset Accumulated Depreciation Dainor (LO) Credit Account Debit Credit