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B Disposal of fixed asset Equipment acquired on January 6 at a cost of $328,400 has an estimated useful life of 7 years and
B Disposal of fixed asset Equipment acquired on January 6 at a cost of $328,400 has an estimated useful life of 7 years and an estimated residual value of $42,000. a. What was the annual amount of depreciation for Years 1-3 using the straight-line method of depreciation? Year Yoar 1 Year 2 Year 3 Depreciation Expense b. What was the book value of the equipment on January 1 of Year 47 $ c. Assuming that the equipment was sold on January 3 of Year 4 for $195,700, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank, V Date January 3 Account Debit Credit Previous Next d. Assuming that the equipment had been sold on January 3 of Year 4 for $210.100 instead of $195,700, Journalize the entry to record the sale. If
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