A Company owns equipment that costs Tk. 65,000 on January 1, 2016. It has been depreciated using the straight-line method based on estimated salvage value of Tk. 5,000 and an estimated useful life of 5 years. Required: Assuming that the equipment sold for Tk. 21,000 on January 1, 2019; a) Compute the book value of the equipment on the date of sale. b) Compute gain/loss on sale of equipment. c) Prepare the journal entry to record the sale. d) What happens if a fully depreciated asset is still useful to the Company? e) Can the accumulated depreciation exceed the cost of the asset in any situation