Entries for Sale of Fixed Asset al value of $14,000, and is depreciated by the un Equipment acquired on January 8 at a cost of $212,000 has an estimated useful life of 15 years, has straight-line method. a. What was the book value of the equipment at December 31 the end of the fifth year? b. Assume that the equipment was sold on April 1 of the sixth year for $105,800 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry leave it blank 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank