On December 31, 2014, a machine costing $9,000 with accumulated depreciation of $9,000 is discarded. Record the journal entry to discard the asset. Now assume a different situation. It is 2014, and a company has a year-end of December 31. Equipment costing $8,000 with accumulated depreciation of $6,000 is discarded on July 1.This equipment is depreciated using the straight-line method over eight years with zero salvage value. What is the equipment's accumulated depreciation before discarding? Prepare the journal entries to update depreciation and discard the asset on July 1, 2014