Required information M9-10 Reporting and Recording the Disposal of a Long-Lived Asset (Straight-Line Depreciation) (LO 9-5) (The following information applies to the questions displayed below) As part of a major renovation at the beginning of the year, Atlase Pharmaceuticals, Inc sold shelving units (recorded as Equipment that were 10 years old for $800 cash The shelves originally cost $6.400 and had been depreciated on a straight line basis over an estimated useful life of 10 years with an estimated residual value of $400 M9-10 Part 1 1. Complete the table below, indicating the account, amount and direction of the effect on disposal Assume that depreciation has been recorded to the date of sale. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign. Do not round Intermediate calculations.) Assets Liabilities Stockholder's Equity LLLLLLLLLLS re to search