Equipment acquired on January 8 at a cost of $136,150 has an estimated useful life of 15 years, has an estimated of $8,050, and is depreciated by the 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 of the equipment. Chart of Accounts 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 the following: 1. Depreciation for the 3 months until the sale date. JOURNAL 2. The sale of the equipment