how Me How NOW... + * Learning 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required. Depreciation Expense-Equipment fatsa dead Accumulated Depreciation-Equipment 1918 Feedback 1,918 Check My Work The depreciation account of the fixed asset being sold or discarded needs to be updated to reflect the months of use in the year it is being discarded or sold. The straight-line method of depreciation calculates the amount of depreciation to be recognized each year. 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Cash 76,897 Accumulated Depreciation-Equipment 24.928 X Loss on Sale of Equipment Equipment 000E Feedback 116,080 how Me How NOW... + * Learning 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required. Depreciation Expense-Equipment fatsa dead Accumulated Depreciation-Equipment 1918 Feedback 1,918 Check My Work The depreciation account of the fixed asset being sold or discarded needs to be updated to reflect the months of use in the year it is being discarded or sold. The straight-line method of depreciation calculates the amount of depreciation to be recognized each year. 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Cash 76,897 Accumulated Depreciation-Equipment 24.928 X Loss on Sale of Equipment Equipment 000E Feedback 116,080