Disposal of fixed assets...

Disposal of fixed assets Custer Construction Co. reported $8,300,000 for equipment and $4,950,000 for accumulated depreciation-equipment on its balance sheet. 1. The equipment was sold in the first week of the fourth year for $23,300 2The equipment was sold in the first week of the fourth year for $15,250 instead of $23,300. 3. The equipment was sold at the end of four years for its estimated residual value of $10,000 4. The equipment was discarded at the end of its useful life with no residual value. The balance of the equipment and its related accumulated depreciation is $140,000 Indicate the effects on the liquidity metric free cash flow and profitability metric asset turnover for each of the above. If no account is affected, leave the corresponding number entry box blank. Profitability Liquidity Free Cash Flow Asset Turnover Higher 1. Equipment sold for $23,300 2Equipment sold for $15,.25 Higher 3. Equipment sold at end of 4th year for its residual value of $10.,000Higher Higher 4. Equipment discarded