Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $358,800, has an estimated useful life of 10 years and an estimated residual value of $46,800. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Depreciation Expense Year Year 1 Year 2 Year 3 b. What was the book value of the equipment on January 1 of Year 4? Feedback c. Assuming that the equipment was sold on January 3 of Year 4 for $251,900, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank Cash Accumulaterd Loss on Sale of Equipment Feedback Check My Wark d. Assuming that the equipment had been sold on January 3 of Year 4 for $270,500 instead of $251,900, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Cash Accumulated Depreciation-Equipmenty Equipment Depreciation Expense-Equipment x