Equipment acquired on January 6 at a cost of $397,400, has an estimated useful life of 9 years and an estimated residual value of $51,800. . What was the annual amount of depreclation f r the Years 1-3 using the stralght-line method of depreclation? Depreciation Expense Year s38,400 Year 1 s38,400 Year 2 38,400 Year 3 , What was the book value of the equipment on January 1 of Year 4? 282,200 Fandbado PCheck My WWork . Assuming that the equipment was sold on January 3 F Year 4 for $268,100, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Cash 268.100 Accumulated Depreciation-Equipment 115,200 Loss on Sale of Equipment Equipment Fecdbaco hock My Work d. Assuming that the equipment had been sold on January 3 of Year 4 for $287,800 instead of $268,100, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Cash 287,800 Accumulated Depreclation-Equipment Equipment 268,100 X 268,100 Gain on Sale of Equipment 19.700 X 268.100 X