Francis Manufacturing owns equipment that cost €50,000 when purchased on January 1, 2022. It has been depreciated using the straight-line method based on an estimated residual value of €8,000 and an estimated useful life of 5 years.

Instructions Prepare Francis’s journal entries to record the sale of the equipment in these four independent situations.

a. Sold for €28,000 on January 1, 2025.

b. Sold for €28,000 on May 1, 2025.

c. Sold for €11,000 on January 1, 2025.

d. Sold for €11,000 on October 1, 2025.

Journalize entries for natural resources depletion.