Equipment acquired on January 8 at a cost of $136,150 has an estimated useful life of 15 years, has an estimated residual value of $8,050, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fifth year? b. Assuming that the equipment was sold on April 1 of the sixth year for $84,635, journalize the entries to record (1) depreciation for the 3 months until the sale date and (2) the sale the equipment.

a. What was the book yatie of the equpment ar Decemoer 31 the end of the fan year? onti the salf dale and (z) the sale of the equoment a. What was the sect vast of me eaupment ar Docemper 3t the end of the finh your? unti the sale date and a ) the sale of the ecupment