Problem $9-15$B Partial$-$period depreciation; disposal of PPE $$ LO$2,3,6$

CHECK FIGURES: $1.$ Accum. Deprec. $=$$$42,175$;$2.$ Accum. Deprec. $=$$$33,082$;$3.$ Accum. Deprec. $=$$$48,300$

EveryWhere Development Co$.$ showed the following selected PPE balances on January $31,2023$:

Van.

Accumulated depreciation, van ${?}^1$

Machinery.

Accumulated depreciation, machinery ${?}^2$

Equipment.

Accumulated depreciation, equipment ${?}^3.$

${?}^1$ Remaining estimated useful life is $40,000$ kilometres with a residual value of $$9,800$; depreciated using the units$-$of$-$production method.

$2$ Total estimated useful life is $10$ years with a residual value of $$16,800$; depreciated using the double$-$declining$-$balance method to the nearest whole month.

${?}^3$ Remaining estimated useful life is three years with a residual value of $$5,600$; depreciated using the straight$-$line method to the nearest whole month.

Required

Prepare the entries to record the following disposals:

The van was sold on March $2,2023,$ for cash of $$17,920.$ It had been driven $4,500$ kilometres from January $31,2023,$ to the date of

sale.

The machinery was sold on August $27,2023,$ for cash of $$95,718.$

The equipment was sold on June $29,2023,$ for cash of $$27,720.$