On June 30,2018,Staton Island Company discarded equipment costing $40,000.Accumulated Depreciation as of December 31,2017,was $25,000.Assume annual depreciation on the equipment is $2,500.Prepare the journal entries for the 2018 depreciation expense and for the disposal of the equipment.Omit explanation.

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The Answer of On June 30,2018,Staton Island Company discarded equipment costing $40,000.Accumulated Depreciation as of December 31,2017,was $25,000.Assume annual depreciation on the equipment is $2,500.Prepare the journal entries for the 2018 depreciation expense and for the disposal of the equipment.Omit explanation.

On June 30,2018,Staton Island Company Discarded Equipment Costing $40,000