1-17.03 Use this robot to determine the appropriate journal entry for the disposal of an item of equipment. Insert "up to date" amounts (or zero) in each of the boxed areas. Examine the resulting journal entry to consider the underlying logic, as reflected in the additional computational box that follows. How much did the equipment originally cost? >>>> How much was accumulated depreciation? >>>> How much was the sales price? >>>> GENERAL JOURNAL Date Accounts Credit Cash Accumulated Depreciation Equipment To record the sale of equipment Sales price of equipment Equipment cost Less: Accumulated depreciation Gain (loss) Debit ABC Inc. purchased a truck for a discounted price of $90,000, paid a 10% sales tax, $1500 registration fee, $2,500 insurance premium, and $1000 final destination delivery fee. ABC. Inc. estimated useful life of 10 years with a residual value of $20,000 for this truck. They sold the truck at the end of year seven for $67,000 and paid a $2,000 broker fee. D Question 1 1 pts How much did the equipment originally cost? >>>> $100,000 $90,000 $99,000 O $101,500 D Question 2 1 pts How much was accumulated depreciation at the end bef sale? O $70,000 O $56,000 O $44,000 O $57,050 D Question 3 1 pts How much was the final amount realized from the sales None of the above. O $67,000 $64,000 O $44,000 D Question 4 1 pts What was the Book Value of the truck at the time of sale? 56,000 O 44,000 21,000 O 65,000 Question 5 1 pts What was the amount of Gain or Loss from the disposal of the asset? $23,000 O $21,000 O $44,000 $21,050