Required information

Part $1$ of $2$

M$9-10($Static$)$ 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.$]$

$0\mathrm{.}83$

points

As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Incorporated, 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.$

M$9-10($Static$)$ Part $1$

Required:

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.$)$

$\backslash$table$[[$Assets$,$Liabilities,,,$],[,,,,,],[,,,,,]]$