Glendale Manufacturing Ltd. owns equipment that was purchased on January 1, 2015, for $100,000. The equipment, which has a 10-year useful life and no residual value, has since been depreciated using the diminishing-balance method at double the straight-line depreciation rate. Glendale has a December 31 year end and prepares adjusting entries annually.

On October 1, 2018, it was determined that the equipment had become obsolete and it was replaced with a more efficient model. The old equipment could not be sold so it was retired and disposed of for no consideration. W