On May 31, 2016, Opton Landscapes docarded equipment that com of $18.400 Accumulated Depreciation as of December 31, 2017.ws 520,000. Assume a depreciation on the equipment $2.400.JOUT deprecation expense disposal of the gent Record Gebits first, then Seed heation on the line by Crede Journalize the parti.year depreciation expense Date Accounts and Explanation May 1 Depreciation Experiment Accumulated Deprecation mart De 1000 1000 To record deprecaon upant Cate orygin or loss on the disposal of the gamentforms with this signor pres) Man value of assets rived Book value of sound of Cost 28.400 Les Accumulated Depreciation Gonoros) To record depreciation on equipment Calculate any gain or loss on the disposal of the equipment (Enters for terms with a zoro volun. Enter a loss with a minus sign or parentheses) Market value of assets received 0 Less: Book value of asset disposed of Cost 28,400 Less: Accumulated Depreciation Gain or (0) Journalize the disposal of the equipment Date Accounts and Explanation Debit Credit May 31 Accumulated Depreciation--Equipment 27,000 Loss on Disposal Equipment To record depreciation on equipment PROBLEM 6 (10 points) 5/10