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Disposal of tawoment scoured on January 6ta cost of $56,400 nm an estimated at the ot 10 years and an esmated residus aut $50,400 . What was the annual amount of depreciation for the years 1 using the straightine method of depreciation Year Depreciation Expense Year 1 Year 2 Year 3 b. What was the book value of the equipment on January 1 of Year 4 Assuming that the equilament was sold on January 3 of Year 4 for $271,300. umire the entry to record the sale of an amount ho does not rentave Jan 3 d. Assuming that the equipment had been sold on January 3 of Year 4 for 1291,300 instead of 5271,300, Journals the entry to record the announce