ue 2 ours, 1 mntes. bue lue 037207 2018 3200 ph model. They had purchased the old Grey's Inc. decided to dispose of a piece of equipment and upgrade to a new evaporator on January 1, 2012 for $16,100. There was no salvage/residual value and the useful life Grey's used was 6 years. Grey's depreciated the machinery using the Straight Line method. Grey's sold the equipment on June 30, 2016 to Tavon for $2625 a) Calculate the Book Value at time of sale. (Do not round the depreciation per year) b) Calculate Grey's gain or loss on this sale? Enter a loss as a negative value c) Journalize this sale on Grey's books on June 30, 2016. Date Description Debit Credit June 30