Apps New Tab Full Pc Games FIFA... US VISA APPLICATI... Around Campus Lab Infomation Links Mozilla Fire Question #6 - 4 marks - 12 minutes HGC Company purchases a new piece of equipment on Jan 1, 2020. The equipment was purchased for cash of $67,000. The company's accountant expects the equipment to be useful for 6 years. At the end of the equipment's life the accountant estimates it can be sold for $14,000. The company will use straight-line depreciation to depreciate this asset. The company has a December 31 fiscal year end. On Mar 31, 2021, the company sells the equipment for $37,000 cash. Required: Record all journal entries for the life of the asset