[kanagha]

Sold office equipment for RM12,000. The equipment was purchased on March 31, 2008, for RM24,000. The asset was being depreciated over a five-year life using the straight-line method.

[rehmanvohra]

Have you read the guidelines?

https://www.askmehelpdesk.com/finance...-b-u-font.html

The question lacks important information:
1. Date of purchase of equipment
2. Accounting year end

The usual procedure is to transfer the original cost and accumulated depreciation to Disposal account. The sales proceeds are recorded in this account, the resulting balance is profit or loss on disposal.