Question 3 eloza A tot gains A It is now March 31, 2008, and you are contemplating the disposal of an old piece of equipment. The equipment cost $36,000 and has accumulated depreciation of $20,000 at December 31 of the prior calendar year-end. The equipment is being depreciated over 10 years down to a residue of $6,000 Record the sale of the equipment at March 31, 2008 assuming: a) The equipment is discarded b) The equipment is sold for $6,000, $10,000 or $20,000. c) The equipment is exchanged for new, similar equipment having a cost of $42,000. Trade-in-Allowance for the old equipment is $18,000. Question 4 has an