Vineyard Company sold the following two pieces of equipment in 2022: Equipment A Equipment B Cost...

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Vineyard Company sold the following two pieces of equipment in 2022: Equipment A Equipment B Cost $116,000 $63,000 Purchase date 7/1/18 1/1/19 Useful life 8 years 5 years Salvage value $4,000 $3,000 Depreciation method Straight-line Straight-line Date sold 7/1/22 9/1/22 Sales price $49,000 $20,000 Indicate the accounts required to be increased/decreased to update depreciation and record the sales of the two assets in 2022. The company has recorded depreciation on the equipment through December 31, 2021. Vineyard Company sold the following two pieces of equipment in 2022: Equipment A Equipment B Cost $116,000 $63,000 Purchase date 7/1/18 1/1/19 Useful life 8 years 5 years Salvage value $4,000 $3,000 Depreciation method Straight-line Straight-line Date sold 7/1/22 9/1/22 Sales price $49,000 $20,000 Indicate the accounts required to be increased/decreased to update depreciation and record the sales of the two assets in 2022. The company has recorded depreciation on the equipment through December 31, 2021.

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