Depreciation by two methods sale of fresset Chat et Account Starting Questions Journal Instructions Newithographiqurmontared at a cont of 200.000 on March 1 the beginning of a fool year has an ested white of the years and animated 90.000 The managemen regarding the effect of alternative methods on the amount of depreciation expertise each year on the bis of the data presented to the needed was elected in the treat work of the thyeur, on Miwch 4. the equipment was colet ter 134.970 Required: Determine the annual relation spend breach of the estimated five years of use, be accumulated on the end of each year, and be of the equipment at the end of each year by (a) the method and the double en calice Found your answer to the nearea whole 2. Jumle the only to record the suming the manager chose the double-declining balance method Maler to the chart of Account for ording of account 2. Journal me entry to record the sale in () antuming that the equipment was sold for $88 hatead of 5134570 Refer to the chart of Accounts for exact worang at - a. Straight-line method Accumulated Depreciation, End of Year Book Value, End of Year Year Depreciation Expense 1 $ $ $ 2 2 02 3 4 4 5 b. Double declining balance method Year Depreciation Expense Accumulated Depreciation, End of Year S Book Value, End of Year 1 $ 2 3 3 4 5 Journal 2 on March 4 journalize the entry to record the sale assuming the manager chose the double-decining-balance method Re Check My Work All work saved eBook PAGE 1 ACCOUNTING EQUATION JOURNAL ASSETS LIABILITIES EQUITY CREDIT DERIT POSTRES DATE DESCRIPTION 3. On March Journalce the entry to record the sale in (2), sauming that the equipment was sold for 38, 180 stead of $134570 Refer to the Chart of Accounts for exactwo ANGE ACCOUNTING EQUATION JOURNAL DET ACTS LLANTES COUNTY DATE POSTO DECEPTION Chud My Work word