Question $4$

Here are some transactions of Surendal Company for $20$X$9.$ Surendal Company uses straight$-$line depreciation and has a December $31$ year end.

Jan. $2$ Scrapped a piece of equipment that originally cost $$8,000$ and was fully depreciated.

Feb. $28$ Retired a piece of machinery that was purchased on January $1,20$X$0$ for $$54,000.$ The machinery had an expected useful life of $10$ years with no residual value.

Aug. $1$ Received $$2,000$ cash from the sale of office equipment that was purchased on January $1,207.$ The equipment cost $$10,980$ and was depreciated over an expected useful life of three years with no residual value.

Instructions

$($a$)$ For each of these disposals, prepare a journal entry to record depreciation from January $1,20$x$9,$ to the date of disposal, if required.

b$)$ prepare journal entry to record each of the disposals