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Below is information related to a piece of equipment that Thrawn Enterprises disposed of in...

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Accounting

Below is information related to a piece of equipment that Thrawn Enterprises disposed of in 20X1.
Original acquisition price Accumulated depreciation Expected useful life at acquisition (in years) Expected salvage value Disposal Price
$ 444,070 $ 209,880 15 $ 24,310 $ 265,612
1) Prepare the journal entry that Thrawn Enterprises would record on the sale of the equipment for $265,612 in cash. Be sure to use cell references to calculate your answer, and input all debit entries before credit entries. If a cell should not be used, then leave it blank.

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