Document2 View Tell met Mailings Review A AaBbcede Abbccdde AaBBCCD ABBCode AaE No Spacing Normal Heading 1 Heading 2 Title Entries for Sale of Fixed Asset Equipment acquired on January 5 at a cost of $148,050, has an estimated useful life of 17 years, has an estimated residual value of $7,800, and is depreciated by the straight-line method. 1. What was the book value of the equipment at December 31 the end of the fourth year? b. Assuming that the equipment was sold on April 1 of the fifth year for 107,827, 1. Journalize the entry to record depreciation for the three months until the sale date, Round your answers to the rest whole dollar if required. Depreciation Expense- Equipment Accumulated Depreciation- Equipment 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry leave it blank. Do not found intermediate calculations. Cash Accumulated Depreciation- Equipment Loss on Sale of Equipment Equipment