Question 2: Equipment has a historical cost of $52,300. After 8 % years, on March 30'\

Question 2: Equipment has a historical cost of $52,300. After 8 1/2 years, on March 30th, the Equipment has a Net Book Value of $3,850. The company uses (monthly) Straight line depreciation. The Equipment has a useful life of 9 years and salvage value was estimated to be $1 ,OOO. Please journalize the transactions below for 3 INDEPENDENT scenarios. 2. 3. The Equipment was disposed of on April 23m, no scrap value. The Equipment was sold on April 23'd for $4,000 cash. The Equipment was sold on April 23'd for $3,200 cash.