Disposal of a Capital Asset Jolie Company owns equipment with a cost of $437,500 and accumulated depreciation of $280,000. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $173,300 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 - 2. Jolle sold the equipment for $146,500 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 Depreciation Methods On January 1, 2021, Loeffier Company acquired a machine at a cost of 3151,000. Loeffler estimates that it will use the machine for four years or 9.000 machine-hour. It estimates that after four years the machine can be sold for $7,000. Loeffler uses the machine for 1,900 and 2,300 machine-hours in 2021 and 2022, respectively Requiredi Compute depreciation expense for 2021 and 2022 using the 1. Straight-line method of depreciation Depreciation Expense 2021 2022 2. Double declining balance method of depreciation Depreciation Expense 2021 2022 J. units of production method of depreciation Depreciation Expense 2021 2022