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Disposal of fored assiet Equipment acquired on January 6 at a cost of $364,300 has...

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Accounting

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Disposal of fored assiet Equipment acquired on January 6 at a cost of $364,300 has an estimated useful life of 8 years and an estimated retidual value of $47,500. a. What was the annual amount of depreciabon for Years 1-2 using the straight-line method of depreciation? b. What was the book value of the equipment on January 1 of Year 4 ? c. Assuming that the equipment was sold on January 3 of Year A for $233,200, journalize the entry to record the sale. If an amount box does not require an entry, ieave it, blarik. d. Assuming that the equipment had been sold on January 3 of Year 4 for 5250,460 instead of 5233,200 , joumalue the entry to record the sale. If an amount box does not require an entry, leave it blank. b. What was the book value of the equipment on January 1 of Year 4? c. Assuming that the equipment was sold on January 3 of Year 4 for $233,200, joumaize the entry to record the sale. If an amount box does not require an entryi it blank. d. Assuming that the equipmenk had been sold on January 3 of Year 4 for $250,400 instead of $233,200, journalize the entry to record the sale. If an amount box doe: not requie an entry, lesve it blank

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