West Coast Commercial purchased equipment on January 1, 2023, for $500,000 cash. West Coast estimates a 10 year life and zero salvage value. West Coast uses straight line depreciation. On July 1, 2024 West Coast sold the equipment for $300,000 cash.

Required: Record the asset Record the depreciation Record the sale of the equipment Record the transactions in the journal and post them to the ledger.

Please provide answer as soon as possible.