USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (2) QUESTIONS:
The following are selected transactions affecting the Campbell Company's long-term assets during the 2014 fiscal year. Campbell's year-end is December 31.
Jan 1 Renovated an office building and expanded its capacity at a cost of $200,000. This building was purchased on January 1, 2009 for $530,000 with an estimated useful life of 20 years, a salvage of $30,000 and being depreciated on a straight-line basis. The renovations increased the salvage value of the building to $50,000.
Jun 30 Sold a piece of equipment that was purchased on January 1, 2012. The equipment cost $60,000, and had a useful life of 8 years with a $6,000 salvage value and was being depreciated using the double-declining balance method. The equipment was sold for $36,000.

In regards to the January 1 transaction, this event should be accounted for as a(n)?

Referring to the information presented above in #15, record the June 30 journal entry to recognize the sale of the equipment?