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and learning resource from Cengage Learning Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $186,300 has an estimated useful life of 9 years and an estimated residual value of $24,300. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line 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? c. Assuming that the equipment was sold on January 3 of Year 4 for $125,700, Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank Jan. 3 d. Assuming that the equipment had been sold on January 3 of Year 4 for $134,900 Instead of $125,700, Journalize the entry to record the sale. If an amount box does not require an entry leave it blank Year 1 18,000 Year 2 18,000 Year 3 18,000 b. What was the book value of the equipment on January 1 of Year 4? 114,300 c. Assuming that the equipment was sold on January 3 of Year 4 for $125,700, Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Jan. 3 d. Assuming that the equipment had been sold on January 3 of Year 4 for $134,900 instead of $125,700, Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank Jan. 3 Prenos Next