Manchester Company sells equipment on June $1$ of records annual depreciation on each December $31$

a$.$ Prepare the journal entries needed to record the asset disposal on June $1,$ of the current year

Hint: First record the update for depreciation expense.

b$.$ Record the journal entries if the equipment were abandoned $($zero fair value$)$ on June $1,$ of the current year.

Hint: First record the update for depreciation expense