Sales Proceeds- Net Book Value Gain or (loss) on Disposal Original Acquisition Cost -Accumulated Depreciation-Net Book Value On June 30, 2017, the company sold old office equipment for $24,000. The office equipment originally cost $36,000 and had updated accumulated depreciation on the date of disposal of S15,000. 1. a. Calculate the gain or (loss): b. Record the journal entry of the disposal: Date Accounts Debit Credit 2. On October 1, 2017, the company sold office qupmnt that had a book value of $4,500 for S6,000. The office equipment originally cost $15,000. a. Calculate the gain or (loss): b. Record the journal of the disposal: Debit Credit Date Accounts