On April 1,2013,a company disposed of equipment for $14,200 cash that had cost $35,000 on January 1,2008.The equipment had a salvage value of $5,000 and a useful life 10 years.The double-declining-balance depreciation method was used.On December 31,2012,accumulated depreciation was $20,664.Prepare a journal entry to record depreciation for 2013 up to the date of disposal of the equipment and prepare a journal entry to record the disposal of the equipment.

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The Answer of On April 1,2013,a company disposed of equipment for $14,200 cash that had cost $35,000 on January 1,2008.The equipment had a salvage value of $5,000 and a useful life 10 years.The double-declining-balance depreciation method was used.On December 31,2012,accumulated depreciation was $20,664.Prepare a journal entry to record depreciation for 2013 up to the date of disposal of the equipment and prepare a journal entry to record the disposal of the equipment.

On April 1,2013,a Company Disposed of Equipment for $14,200 Cash