Entries for Sale of Fixed Asset a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assume that the equipment was sold on April 1 of the fifth year for $96,580. 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 round intermediate calculations. Comparing Three Depreciation Methods 1,764 hours in Year 2,2,352 hours in Year 3 , and 1,344 hours in Year 4. Required: years by each method. Round the answer for each year to the nearest whole dollar. 2. What method yields the highest depreciation expense for Year 1 ? 3. What method yields the most depreciation over the four-year life of the equipment