b. Assume that the equipment was sold on April 1 of the fifth year for $131,712. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your to the nearest whole dollar if required. Feedback Theck My Work straight-line method of depreciation calculates the amount of depreciation to be recognized each year. b. Assume that the equipment was sold on April 1 of the fifth year for $131,712. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your to the nearest whole dollar if required. Feedback Theck My Work straight-line method of depreciation calculates the amount of depreciation to be recognized each year