5. (10 points) Computer equipment (office equipment) purchased 6'% years ago for $170,000, with an estimated life of eight years and a residual value of $10,000, is now sold for $60,000 cash. (Appropriate entries for depreciation had been made for th e first six years of use.) Journalize the following entries: Record the depreciation for the one-half year prior to the sale, using the straight-line method (a) (b) (e) Record the sale of the equipment. Assuming that the equipment had been sold for $25,000 cash, prepare the entry to record the sale Debit Credit Date