can you please solve both parts?

a. What was the book value of the equipment at the end of the fifth year, December 31, 2017 Round your interim calculations and final answer to the nearest dollar. For decreases in accounts or outflows of cash, enter your answers as negative numbers. Round annual depreciation to the nearest dollar and use this amount in your follow on calculations. If no account or activity is affected, select "No effect from the dropdown and leave the corresponding number entry box blank. bl. Assuming that the equipment was sold on July 1, 2018, for $314,550, illustrate the effects on the accounts and financial statement of depreciation for the six months until the sale date. Balance Sheet Assets Liabilities Stockholders' Equity July 1. Statement of Cash Flows Income Statement b2. Assuming that the equipment was sold on July 1, 2018, for $314,550, illustrate the effects on the accounts and financial statement of the sale of the equipment. Balance Sheet Assets Liabilities + Stockholders' Equity Check My Work 1 more Check My Work uses rem Knife Edge Company purchased tool sharpening equipment on July 1, 2045, for $16,200. The equipment was expected to have a useful life of three years and a residual value of $900. Instructions: a. Determine the amount of depreciation expense for the years ended December 31, 2045, 2016, 2017 and 2018 by the straight-line method. Depreciation Expense 2045 $ 2,550 2016 $ 5,100 2017 $ 5,100 2018 $ 2,550 b. Determine the amount of depreciation expense for the years ended December 31, 2045, 2016, 2017 and 2048 by the double-declining-balance method. Round the double declining-balance depreciation rate to six decimal places and round your final answers to the nearest whole dollar. Depreciation Expense 2045 2016 2017 2,400 2018