Office equipment was purchased 6 1/2 years ago for $250,000, with an estimated life of 8 years and a residual value of $10,000, is now sold for $45,000 cash. (Appropriate entries for depreciation had been made for the first six years of use.) Journalize the following entries:

(10 points)

(a)	Record the depreciation for the one-half year prior to the sale, using the straight-line method.
(b)	Record the sale of the equipment.