4)

please answer these correctly with the working as well. highlight the final answers. thanks

Entries for Sale of Fixed Asset a. What was the book value of the equipment at December 31 the end of the fourth year? 5 Feectback TCheck My Work Book value is the initial cost of the fixed asset minus the accumulated depreciation. b. Assume that the equipment was sold on April 1 of the fifth year for $77,242