Equipment acquired on January 8 at a cost of S 137,550, has an estimated useful lfe of 16 years, has an esti mated dua va se of S9550 and is depreciated by the ma A ofthe equipment at December 31 the end ofthe fourth year? What was the bootvalu Assuming that the equipment was sold on Apa I ofthe nith year for S98, 510, journalize the entries to record (1) depreciation for the three months untl the sale date, and (2) the sale of the equipment. Refer to the Chart of Accounts for exact wording of account btles B