Disposal of fixed asset Equipment acquired on January 6 at a cost of $331,200 has an estimated useful life of 10 years and an estimated residual value of $43,200. a. What was the annual amount of depreciation for 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? < C. Assuming that the equipment was sold on January 3 of Year 4 for $232,600, 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 $249,700 instead of $232,600, journalize the entry to record the sale. If an amount box does not requir January 3 35