Depreciation by two Melod; Sale o el New tire retreading equipment, acquired at a cost of $393,750 on September at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residus value of $51.100. The meneger recueste information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-dediring-balance method was selected. in the first week of the fifth year, on September 6, the equipment was sold for $87,000. Required: 1. Determine the annual deprecation expense for each of the estimated four years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by the following methods d. Stiahned Depreciation Accumulated Depreciatiuri, Look Valur Year Expense End of Year End of Year . . b. Double-dedining-balance method Depreciation Expense Accumulated Depreciation, End of Year Rook Value End of Year Year 1 $ $ 2. Journalize the entry to record the sale, assuming double-dedining-belance method is used. If an amount box dues not require an entry, leave it blank. 3. Inurnalize the entry to record the sale in (?), assuming that the coupant vns sold for $74.800 instead of $27.000. Tf an amount box does not require an awy, leave think. Depreciation by two Melod; Sale o el New tire retreading equipment, acquired at a cost of $393,750 on September at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residus value of $51.100. The meneger recueste information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-dediring-balance method was selected. in the first week of the fifth year, on September 6, the equipment was sold for $87,000. Required: 1. Determine the annual deprecation expense for each of the estimated four years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by the following methods d. Stiahned Depreciation Accumulated Depreciatiuri, Look Valur Year Expense End of Year End of Year . . b. Double-dedining-balance method Depreciation Expense Accumulated Depreciation, End of Year Rook Value End of Year Year 1 $ $ 2. Journalize the entry to record the sale, assuming double-dedining-belance method is used. If an amount box dues not require an entry, leave it blank. 3. Inurnalize the entry to record the sale in (?), assuming that the coupant vns sold for $74.800 instead of $27.000. Tf an amount box does not require an awy, leave think