S10-7 Discarding of a fully depreciated asset On June 15, 2015, Perfect Furniture discarded equipment that had a cost of $12,000, a residual value of $0, and was fully depreciated. Journalize the disposal of the equipment. S10-8 Discarding an asset On May 31, 2016, Choice Landscapes discarded equipment that had a cost of $29,400. Accumulated Depreciation as of December 31, 2015, was $27,000. Assume annual depreciation on the equipment is $2,400. Journalize the partial-year depreciation expense and disposal of the equipment. S10-9 Selling an asset at gain or loss Mill Creek Golf Club purchased equipment on January 1, 2016, for $31,500. Suppose Mill Creek Golf Club sold the equipment for $22,000 on December 31, 2018. Accumulated Depreciation as of December 31, 2018, was $21,000. Journalize the sale of the equipment, assuming straight-line depreciation was used. S10-10 Selling an asset at gain or loss Pelman Company purchased equipment on January 1, 2016, for $32,000. Suppose Pelman sold the equipment for $5,000 on December 31, 2017. Accumulated Depreciation as of December 31, 2017, was $22,000. Journalize the sale of the equipment, assuming straight-line depreciation was used.