On October 1, 2018, Mack Company places a new asset into service The cost of the asset is $9,000 with an estimated 5-year life and $1,000 salvage value at the end of its useful life, What is the balance in the Accumulated Depreciation account at 12/31/20 if Muck Company uses the straight-line method of depreciation? A) $3, 600 B) $1, 600 C) $2,000 D)$4, 050 Mack Company purchased equipment in 2018 for $100,000 and estimated an $10,000 salvage value at the end of the equipment's 10-year useful life, At December 31, 2024, there was $63,000 in the Accumulated Depreciation account for this equipment using the straight line method of depreciation. On March 31, 2025, the equipment was sold for $29,000. Instructions: Prepare the appropriate journal entries to remove the equipment from the books of the March 31, 2025. On 12/31/18 The Deere Company sold office equipment that had a book value of $5.400 for $8,000. The office equipment originally cost $20,000 and it is estimated that it would cost $21,000 to replace the office equipment. Prepare the appropriate journal entry to record the disposition of the office equipment