Try another version of this question On May 31, 2020, Please Grow Landscaping discarded equipment that had a cost of $28,752. Accumulated Depreciation as of December 31, 2019, was $26,400. Assume annual depreciation on the equipment is $2,352. Journalize the partial-year depreciation expense and disposal of the equipment. Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) Date Description Debit Credit May 31 May 31 May 31 May 31 May 31 Market value of assets received 0 Less: Book value of asset disposed of Cost 28,752 Less: Accumulated Depreciation 27,380 -1,372 Gain or (Loss) -1,372 Date Description Debit Credit May 31 Depreciation Exp-Equipment 980 May 31 Accum. Depr.-Equipment 980 May 31 Accum. Depr.-Equipment 27,380 May 31 Loss on Disposal 1,372 May 31 Equipment 28,752