Entries for Sale of Forced Asset Equipment acquired on January 8 at a cost of $109,190 has an estimated useful life of 13 years, has an estimated residual value of $8,700, 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. Assume that the equipment was sold on April 1 of the fifth year for 570,357 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. Round your answers to the nearest whole dollar if required. 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 eBook Show Me How Print Item Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $109,190 has an estimated useful life of 13 years, has an estima 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. Assume that the equipment was sold on April 1 of the fifth year for $70,357. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does blank. Round your answers to the nearest whole dollar if required. Accounts Payable Accumulated Depreciation-Equipment e sale of the equipment. If an amount box does not require an entry, lea Cash Depreciation Expense-Equipment Equipment Equipment Expense Check My Work Print tem Show Me How eBook Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $109,190 has an estimated useful life of 13 years, has an estimated residual value of $8,700, 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. Assume that the equipment was sold on April 1 of the fifth year for $70,357. 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. Round your answers to the nearest whole dollar if required Accounts Payable le sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round Accumulated Depreciationezquipment Cash Depreciation Expense-Equipment Equipment Equipment Expense Previous Next > Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $109,190 has an estimated useful life of 13 years, has an estimated residual value of $8,700, 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. Assume that the equipment was sold on April 1 of the fifth year for $70,357. 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 pe nearest whole dollar it required. Accounts Payable Cash Depreciation Expense-Equipment Equipment the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round Gain on Sale of Equipment Check My Work Previous Next mx.com/in/takeAssignment/takeAssignmentMain.do?invoker &takeAssignmentSessionLocator-&inprogress-false To * 8 Update eBook Show Me How Print item Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $109,190 has an estimated useful life of 13 years, has an estimated residual value of $8,700, 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. Assume that the equipment was sold on April 1 of the ninth year for $70,357 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. Round your answers to the nearest whole dollar if required. Accounts Payable Accumulated Depreciation Equipment Depreciation Expense-Equipment Je sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round Equipment Gain on Sale of Equipment Check My Work Previous Next) Next Entries for Sale of fixed Asset Equipment acquired on January 8 at a cost of $109,190 has an estimated useful life of 13 years, has an estimated residual value of $8,700, 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. Assume that the equipment was sold on April 1 of the fifth year for $70,357. 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. Round your answers to the nearest whole dollar if required. Accounts Receivable Depreciation Expense-Equipment the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round Equipment Loss on Sale of Equipment Depreciation Payable-Equipment DIDI Fem Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $109,190 has an estimated useful life of 13 years, has an estimated residual value of $8,700, 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. Assume that the equipment was sold on April 1 of the fifth year for $70,357, 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. Round your answers to the nearest whole dollar if required. Accumulated Depreciation Equipment le sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round Equipment Equipment Expense Gain on Sale of Equipment Loss on Sale of Equipment