Homework: Chapter 9 - spring 2020 Score: 0.29 of 1 pt 5 of 7 (7 complete) 59-8 (book/static) HW Score: 71.78%, 5.02 of 7 Question Help On October 31, 2018. Alternative Landscapes discarded equipment that had a cost of $26.920. Accumulated Depreciation as of December 31, 2017 was 525,000. Assume annual depreciation on the equipment is $1,920. Journalize the partial year depreciation expense and disposal of the equipment (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Debit Credit Journalize the partial-year depreciation expense. Date Accounts and Explanation Oct 31 Depreciation Expense-Equipment Accumulated Depreciation Equipment 1,600 1,600 To record depreciation on equipment Calculate any gain or loss on the disposal of the equipment (Enter a "0" for items with a zero value. Enter a loss with a minus sign or parentheses) Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) 26.920 25800 8 00