The Empire is in desperate need of cash to fund the continuing war with the Rebellion so the Emperor and Imperial officers decide to sell the Death Star and they put it on Craigslist.com. The Death Star has a fair market value of $630 million and they are able to find a buyer who pays them $700 million. At the time of sale, the Death Star is listed on the Empires balance sheet for $452 million. The Empire had purchased the Death Star for $500 million and was depreciating it over 25 years using the straight-line method.

Record the journal entry for the sale of the Death Star on December 18, 2025.