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BU Disposal of fixed asset First Questions Journal Instruction Chart of Accounts Instructions Equipment acquired on January 6 at a cost of $532,255, has an

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BU Disposal of fixed asset First Questions Journal Instruction Chart of Accounts Instructions Equipment acquired on January 6 at a cost of $532,255, has an estimated useful life of 19 years and an estimated residual value of $60,010 What was the annual amount of depreciation for the Years 1-3 using the straight line method of depreciation? B What was the book value of the equipment on January 1 or Year 4? C Assuming that the equipment was sold on January 3 of Year 4 for $441,935, journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of accounties D. Assuming that the equipment had been sold on January 3 or Year & for $473,200 instead of 5441,939 journalce the entry to record the one Refer to the Chart of Accounts for exact wording of uccount titles Instruction Chart of Accounts First Questions Journal Inst Chart of Accounts CHART OF ACCOUNTS Egu General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 620 Gain on Sale of Delivery Truck 621 Gain on Sale of Equipment 111 Petty Cash 112 Accounts Receivable 114 Interest Receivable 115 Notes Receivable 116 Merchandise Inventory 117 Supplies 119 Prepaid Insurance 120 Land 123 Delivery Truck 124 Accumulated Depreciation-Delivery Truck 125 Equipment EXPENSES 510 Cost of Merchandise Sold 520 Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Delivery Truck 523 Delivery Expense 524 Repairs and Maintenance Expense Check My Work da 600 12:14 AM 11/2/2021 RE First Questions Journal Asuming that the equipment had been sold on January 3 of Year 4 for $473 200 instead of $441,939. journalize me entry to record the sole Reforfome Chart Accounts for exact wording of account titles ACCOUNTING EQUAT JOURNAL CREDIT ASSOS LILITO DESIT POSTALE LEGO.

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