Equipment acquired on January 8th, 2013, at a cost of $140,000 has an estimated useful life of 16 years, has an estimated residual value of $8,000, and is depreciated by the straight-line method A. What was the book value of the equipment at December 31st, 2016, the end of the year? B. Assuming that the equipment was sold on July 1st, 2017, for $96,700, journalize the entries to record depreciation for the six months until the sale date and the sale of the equipment refer to the chart of accounts for exact wording of account titles.

Euuipment acqured ora January 8, 2013, at a uost of $140 UUC, lus an aelimatof useful litu 10 years, has estimated desilual valile ur sE,nco, and l: doar cisted the straite-ne A. Whar the the end year? Assuming an M, and the sase of cho