Find Gain on Disposal of PPE

Required information [The following information applies to the questions displayed below] As part of a major renovation at the beginning of the year, Atiase Phamoceuticals, Incorporated, sold shelving units (recorded as Equipment) that were 10 years old for $1,190 cash. The shelves originally cost $7,960 and had been depreciated on a straight-line basis over an estimated useful hifo of 10 years with on estimated residual value of $660 Required: Complete the accounting equation below, indicating the account, amount, and the effect of disposat, Assume that deprecioton has been recorded to the date of sale. (Enter any decreases to Assets, Llabilities, or Stockholders' Equity with a minus sign. Do not round intermediate calculations.) istions dispiayed belowi) 19 of the year, Atiase. Pharmaceuticals, Incorporated, sold shelying units old for $1,190 cash. The shelves originaly cost $7960 and had been estimated useful hife of 10 years with an estimated residual value of $660. ating the account, amount, and the effect of disposal: Assume that depreciation has rcreilses to Assets, Uibbilities, or Stockholders' Equity with a minus sign. Do not