please answer P10-6A

Natural Resources, and Intangible Assets P10-6A 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. P10-7A The intangible assets section of Sappelt Company at December 31, 2017, is pre- sented below. tion Patents ($70,000 cost less $7,000 amortization) Franchises ($48,000 cost less $19,200 amortization) $63,000 28,800 $91,800 Total The patent was acquired in January 2017 and has a useful life of 10 years. The franchise was acquired in January 2014 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2018. Jan. 2 Paid $27,000 legal costs to successfully defend the patent against