Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $231,800 has an estimated useful life of 8 years and an estimated residual value of $30,200. 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 $148,400, journalize 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 $159,300 instead of 5148,400. journalize the entry to record the sale. If an amount bex does not require an entry, leave it blank. Jan. 3 Check My Work 2 more Check My Work uses remaining Save and Eat Sutimi: Assignment for Gradin