Entries for sale of fixed asset Instructions Chart of Accounts First Question Journal Instructions Equipment acquired on January 8 at a cost of $165,730, has an estimated useful life of 17 years, has an estimated residual value of $8,650, and is depreciated by the straight line method A What was the book value of the equipment at December 31 the end of the fourth year? B. Assuming that the equipment yas sold on April 1 of the an year for $120,655, journakze the entries to record (1) depreciation for the three months until the sale date, and (2) the sale of the equipment. Refer to the Chart of Accounts for exact wording of accountiles OOO First Question Journal Journal B. Assuming that the equipment was so on Art of the year for $120,455, jumate the entries to record the following reser to the Chat of Accounts for annet wondinger account Decreation for the new months and the sale date INGE JOURNAL MCCOUNTING EQUATION DATE DESOOPTION POATE DENT CREDIT ASSETS LATIES TOUT + 2. The sale of the gent ME JOURNAL ACCOUNTING EQUATION Journal MORE JOURNAL ACCOUNTING EQUATION DESCEPTION DATE POST BET DENT CREDIT ASVET LABLES 2. The sale of the quan JOURNAL ACCOUNTING EQUATION POSTRE DESCRIPTION DEM CREDIT AMETS LIABILMES EQUITY