Disposal of fixed asset

Equipment acquired on January $6$ at a cost of $$253,900$ has an estimated useful life of $8$ years and an estimated

residual value of $$33,100.$

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

Year

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

$

c$.$ Assuming that the equipment was sold on January $3$ of Year $4$ for $$162,500,$ journalize the entry to record the

sale. If an amount box does not require an entry, leave it blank.

January $3$

d$.$ Assuming that the equipment had been sold on January $3$ of Year $4$ for $$174,500$ instead of $$162,500,$ journalize

the entry to record the sale. If an amount box does not require an entry, leave it blank.

January $3$