Disposal of fixed assets. Equipment acquired on January 6 at a cost of $375,000 has an estimated useful life of 20 years and an estimated residual value of $25,000. A.) What was the annual amount of depreciation for the Years 1-3 using the straightline method of depreciation? B.) What was the book value 9 of the equipment on January 1 of year 4? C.) Assuming that the equipment was sold on January 3 of Year 4 for $300,000, journalize the entry to record the sale. D.) Assuming that the equipment had been sold on January 3 of year 4 for $325,000 instead of $300,000, journalize the entry to record the sale.