Disposal of Fixed Asset

Equipment acquired on January $6$ at a cost of $$441,600$ has an estimated useful life of $10$ years and an estimated residual value of $$57,600.$

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a$.$ What was the annual amount of depreciation for Years $1-3$ using the straight$-$line method of depreciation?

Year Depreciation Expense

Year $1$ $fill in the blank f$6$d$5$e$3$ff$8017056\_1$

Year $2$ $fill in the blank f$6$d$5$e$3$ff$8017056\_2$

Year $3$ $fill in the blank f$6$d$5$e$3$ff$8017056\_3$

b$.$ What was the book value of the equipment on January $1$ of Year $4?$

$fill in the blank f$6$d$5$e$3$ff$8017056\_4$

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c$.$ Assuming that the equipment was sold on January $3$ of Year $4$ for $$310,100,$ journalize the entry to record the sale. If an amount box does not require an entry, leave it blank.

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d$.$ Assuming that the equipment had been sold on January $3$ of Year $4$ for $$332,900$ instead of $$310,100,$ journalize the entry to record the sale. If an amount box does not require an entry, leave it blank.

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