On June 30,2017,Adilide,Inc.discarded equipment costing $40,000.Accumulated Depreciation as of December 31,2016,was $25,000.Assume annual depreciation on the equipment is $2,500.Prepare the journal entries for the 2017 depreciation expense and for the disposal of the equipment.

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The Answer of On June 30,2017,Adilide,Inc.discarded equipment costing $40,000.Accumulated Depreciation as of December 31,2016,was $25,000.Assume annual depreciation on the equipment is $2,500.Prepare the journal entries for the 2017 depreciation expense and for the disposal of the equipment.