X P F:9.3: How Are Disposals o X P Pearson+ earson.com/Student/PlayerHomework.aspx?homeworkId=649958578&questionId=5&flushed=false&cld=7406297erwin=yes P Do Homework - nciples 1 (1) pter F9 Homework @ Calculator Ask my instructor 2 W S ** I - Chapter FS X X First, calculate any gain or loss on the disposal of the equipment. Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) H command K 3. Counselors of Milton purchased equipment on January 1, 2023, for $58,500, Counselors of Milton expected the equipment to last for six years and have a residual value of $4,500. Suppose Counselors of Milton sold the equipment for $17,000 on December 31, 2027, after using the equipment for five full years. Assume depreciation for 2027 has been recorded. Journalize the sale of the equipment, assuming straight-line depreciation was used. #3 80 F3 E D C 4 Q F4 R F V % Question 3, TIF9-3 (similar to) Part 1 of 2 5 I FG T G ^ 6 B MacBook Air F6 Y H & 7 N F7 U ILE * 00 X 8 M accumled depreitiona calcu X DII FB I K ( 9 HW Score: 72.02%, 7.92 of 11 points Points: 0.14 of 1 V - F9 O L ) command . V C Sign In or Sign Up | Chegg X F10 P Carter Drake ***N Clear all I option F11 { ? 1 11 * 06/22/23 5:15 PM + F12 1 Save Check answer delete return shift