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entries for sale of fixed asset Equipment acquired on January 8 at a cost of $144,810 has an estimated useful life of 16 years, has

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entries for sale of fixed asset Equipment acquired on January 8 at a cost of $144,810 has an estimated useful life of 16 years, has an estimated residuat value of 57,850 , anc an coprecatidi by the straight-ine method. a. What was the bockivilue of the equipment at December 31 the end of the fourth year? b. Assuming that the equipment was sold on Aqril 1 of the fith year for $101,800, 1. Journalize the entry to record depreciation for the 3 months until the sale date. If an amount box does not require an entry, leave it olank. Round your answers to the nearest whole dollar if required, 2. Journalize the entry to record the saie of the equipment. If an amouint box does not require an entry, leave it Blank. Do not round intermediate ealculations

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