Depreciation and Partial Periods Dinnell Company owns the following assets: Asset Year purchased Cost Expected life Residual value Depreciation method 2014 $20,000 5 years $2,000 2015 $40,000 8 years 2016 $100,000 10 years $10,000 Straightline Sum-of the years' digits Double-declining-balance In the year of acquisition and retirement of an asset, Dinnell records depreciation expense for one-half year. During 2017, Asset A was sold for $7,000. Required: Prepare the journal entries to record depreciation on each asset for 2014 through 2017 and the sale of Asset A Round all answers to the nearest dollar