Entries for Sale of PAL Equipment acquired on January at a cost of $168.000 has an estimated useful life of 18 years, has an estimated real value of $15,000, and is deprecated by the straight line mehed a. What was the book value the equipment at December 31 the end of the fourth year? b. Assume that the equipment was sold on April 1 of the filth year for 5125,000 1. Journalire the entry to record de tion for the three months until the sale date 2. Journalue the entry to record the sale of the equipment If an amount box does not require an entry, leave it blank