Disposal of$$Fixed AssetEquipment acquired on January $6$ at a cost of $$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?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 $$251,900,$ journalize the entry to record

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

blank.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.