Question 8: Macakay Inc. how did piece of equipment that cost $49,000 and had accumulated depreciation of $40,000.

Mackay, Inc., had a piece of equipment that cost $49,000 and had accumulated depreciation of $40,000. a. Mackay discarded the equipment receiving $0. (Record debits first, then credits. Exclude explanations fro b. Mackay sold the equipment for $14,000 cash. \begin{tabular}{|l|l|l|l|l|} \hline Date & Accounts & Deblit & Credit \\ \hlinec. & Acontry & & \\ \hline & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \hline Date & Aecounta & Debit & Credit \\ \hline d. & Aceotry & & \\ \hline \end{tabular} Requirement 1. Record the disposition of the equipment assuming the following independent situations: a. Mackay discarded the equipment, receiving $0. b. Mackay sold the equipment for $14,000 cash. c. Mackay traded the equipment in on a new piece of equipment costing $58,000. Mackay was granted a(n)$12,500 trade-in allowance for the old equipment and paid the difference in cash. d. Mackay traded the equipment in on a new piece of equipment costing $46,000. Mackay was granted a $8,500 trade-in allowance for the old equipment and signed a note payable for the difference