Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $427,800 has an estimated useful life of 10 years and an estimated residual value of $55,800. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Year Depreciation Expense Year 1 Year 2 Year 3 b. What was the book value of the equipment on January 1 of Year 47 c. Assuming that the equipment was sold on January 3 of Year 4 for $300,400, journalize the entry to record the sale. If an amount box does not require an entry, leave blank Jan. 3 d. Assuming that the equipment had been sold on January 3 of Year 4 for $322,500 instead of $300,400, Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank Jan. 3 Previous Next > Email Instructor Submit Test for Grading All work saved b. What was the book value of the equipment on January 1 of Year 47 c. Assuming that the equipment was sold on January 3 of Year 4 for $300,400, Joumalize the entry to record the sale. If an amount box does not require an entry, leave it blank Jan. 3 d. Assuming that the equipment had been sold on January 3 of Year 4 for $322,500 instead of $300,400, Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Jan. 3