P10.6A Record disposals Ceda Co. has equipment that cost $80,000 and that has been depreciated $50,000. Instructions Record the disposal under the following assumptions. (a) It was scrapped as having no value. (b) It was sold for $21,000. (c) It was sold for $31,000. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". (a) Cost Value Less: accumulated depreciation Value Book Value ? Journal entry Account Value Account Value Account Value (b) Cost Value Less: accumulated depreciation Value Book Value ? Sales Proceed Value Loss on disposal ? Journal entry: Account Account Account Account Value Value Value Value (c) Cost Value Less: accumulated depreciation Value Book Value ? Sales Proceed Value Gain on disposal ? Journal entry: Account Value Account Value Account Value Account Value