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Problem VI - Plant Asset Disposal Entries (15 points) Prepare the necessary journal entries to record the following transactions in 2016 for BCTH Co. March 1 Discarded old store equipment that originally cost $20,000 and had a book value of $4,000 on the date of disposal. Assume depreciation on the equipment has already been recorded for the current year. July 31 Sold a delivery truck for $8,000. The delivery truck originally cost $30,000 and had accumulated depreciation of $24,000 on the date of sale. Assume the depreciation on the truck has already been recorded for the current year. Sept. 30 Equipment with a 4-year useful life was purchased on January 1, 2012, for $16,000 and was sold for $5,000. The equipment had been depreciated using the straight-line method with an estimated salvage value of $4,000. Depreciation Expense was last recorded on December 31, 2015