On August 31, 2018, Modern Landscapes discarded equipment that had a cost of $21,200. Accumulated Depreciation as of December 31, 2017, was $20,000. Assume annual depreciation on the equipment is $1,200. Journalize the partial-year depreciation expense and disposal of the equipment. (Record debits first, then credits Select the explanation on the last ine of the journal entry table.) 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 Cust Less. Accumulated Depreciation Gain of (LSS)