Accounting for Disposal of Equipment Barbier Company owns equipment that cost $100,000 when purchased on January 1, 2015. It has been depreciated using the straight-line method based on estimated residual value of $16,000 and an estimated useful life of 5 years. Required: Prepare Barbier Company's journal entries to record the sale of the equipment in the following four independent situations. 1. Sold for $56,000 on January 1, 2018. 2. Sold for $56,000 on May 1, 2018. 3. Sold for $22,000 on January 1, 2018. 4. Sold for $22,000 on October 1, 2018. goodwill will be recorded as part of this acquisition? Goodwill On January 1, 2018, Havel Company purchased Nantes Company at a price of $7,500,000. The fair market value of the net assets purchased equals $2,700,000. 1. What is the amount of goodwill that Havel records at the purchase date? 2. Explain how Havel would determine the amount of goodwill amortization on December 31, 2018. 3. Havel Company believes that its employees provide superior customer service, and through their efforts, Havel Company believes it has created $2,750,000 of goodwill. How would Havel Company record this goodwill