Question 8 Moira Less Ltd. decided on July 1, 2013 to dispose of an asset group consisting of land, a building, and equipment. An active plan of disposal is happening. The assets carrying values and estimated recoverable amounts at July 1 20X3 are as follows: Estimated Cost Carrying Value $495,000 1,690,000 495,000 S 2,680,000 Recoverable amount $528,000 995,000 377,000 $1900.000 Land $495,000 3,650,000 1,090,000 $ 5,235,000 Building Equipment On December 31 20X3, the net recoverable amoun t of the group is reliably estimated to be $ 1,939,000. On April 1 20x4, the asset group is sold for $ 1,999,000, net of costs to sell. Prepare the appropriate journal entries DATE EXPLANATION and ACCOUNTS DEBIT CREDIT