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Equipment acquired on january 6 at a cost of $401,300 has an estimated useful life of 18 year5 and an estienated residual value of $25,100.

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Equipment acquired on january 6 at a cost of $401,300 has an estimated useful life of 18 year5 and an estienated residual value of $25,100. 3. What was the-annual amount of depreciation for Years 19 using the straioht-line method of depreclation? b. What was the book walue of the equipment on Janeary 1 of year 4 ? C. Assuming that the equipment was sold on Jamuary a of Year 4 for $315,000, Jourmalice the entry to rocord the sale. It an aenount bion does not tequite an entry le leve it blank. is more than the sale peice, the echuiprocnt wat told for a lons. amount box doel not sequire an entry. leave it blank

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