Equipment acquired on January 8 at a cost of $151,780 has an estimated useful life of 16 years, has an estimated residual value of $9,700, and is depreciated by the straight-line method. Question Content Area a. What was the book value of the equipment at December 31 the end of the fourth year? $fill in the blank 58959608604904d_1 116,260 b. Assume that the equipment was sold on April 1 of the fifth year for $107,330. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required. blank Depreciation Expense-Equipment Depreciation Expense-Equipment Depreciation Expense-Equipment - . Question Content Area 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations.