E9-10_Beka Company owns equipment that cost $50,000 when purchased on January_1_2008_Answer

E9-10_Beka Company owns equipment that cost $50,000 when purchased on January_1_2008_Answer

E9-10
Beka Company owns equipment that cost $50,000 when purchased on January 1, 2008. It has been depreciated using the straight-line method based on estimated salvage value of $5,000 and an estimated useful life of 5 years.

Journalize entries for disposal of equipment.