Current Attempt in Progress Pharoah Limited sells equipment on September 30,2021 , for $44,310 cash. The equipment originally cost $143,850 when purchased on January 1,2019 . It has an estimated residual value of $3,910 and a useful life of five years. Depreciation is recorded annually and was last recorded on December 31,2020 , the Record debit side accounts first followed by credit side accounts