eBook Show Me How - Calculator Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $248,400, has an estimated useful life of 9 years and an estimated residual value of $32,400. 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 4? c. Assuming that the equipment was sold on January 3 of Year 4 for $167,600, 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 $179,900 instead of $167,600, Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Check My Work 10 more Check My Work uses remaining Previous Next > All work saved. Submit Assignment for Grading