Note 1-Summary of Accounting Policies Impairment of Long-Lived Assets we review long-lived assets for impairment when circumstances indicate the carrying amount of an asset may not be recoverable based on the undiscounted future cash flows of the asset Dollars in Millions Cost of property and equipment (beginning of year) Cost of property and equipment (end of year) Capital expenditures during the year Accumulated depreciation (beginning of year) Accumulated depreciation (end of year) Depreciation expense during the year Cost of property and equipment sold during the year Accumulated depreciation on property sold Cash received on property sold S 40,575 42,380 2,768 21,590 22,755 1,963 920 798 101 Required 1. Reconstruct the journal entry for the disposal of property and equipment during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fi View transaction list Journal entry worksheet Record the disposal of property and equipment during the year Note: Enter debits before credits. Transaction General Journal Debit Credit