The Crenshaw Company sold office equipment that had a carrying amount of $4,500 for $6,000. The originally cost of the office equipment was $15,000. Prepare the appropriate journal entry to record the disposition of the office equipment. The accumulated depreciation was up to date before the disposal. What is the gain or loss on the sale $1,500 of the office equipment? What is the entry for the disposal of the office equipment? $1,500