Sandhill Co$.$ had the following assets on January $1,2025.$

During $2025,$ each of the assets was removed from service. The machinery was retired on January $1.$ The forklift was sold on June $30$

for $$11,600.$ The truck was discarded on December $31.$

Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The

company uses straight$-$line depreciation. All depreciation was up to date as of December $31,2024.($List all debit entries before credit

entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No

Entry" for the account titles and enter $0$ for the amounts.$)$Date

Account Titles and Explanation

Debit

Credit

Accumulated Depreciation$-$Equipment

Depreciation Expense

Accumulated Depreciation$-$Equipment

$($To record depreciation expense on forklift$)$

Accumulated Depreciation$-$Equipment

Gain on Disposal of Plant Assets

$($To record sale of forklift$)$Equipment

$($To record sale of forklift$)$

Accumulated Depreciation$-$Equipment

$($To record depreciation expense on truck$)$

Loss on Disposal of Plant Assets

$($To record disposal of truck$)$