Equipment acquired on Jarliary 9,20y3, at a cost of $485,000, has an estimated useful life of 16 years, an estimated residual value of $106,700, and is depreciated by the straight-line method. a. What was the book value of the equipment at the end of the fifth yeac, December 31,20y7? Round your interim calculations and final answer to the nearest dollar. For decreases in accounts or outflows of cash, enter your answers as negative numbers. Round annual depreciation to the nearest dollar and use this amount in your follow-on calculations. If no accetunt or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. until the sale date. b2. Assuming that the equipment was sold on July 1, 20Y8, for $145,500, illustrate the effects on the accounts and financial statement of the sale of the equipment. 3 more Check My Work uses remaining. For decreases in accounts or outflows of cash, enter your answers as negative numbers. Round annual depreciation to the nearest dollar and use this amount in your follow-on calculations. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. b1. Assuming that the equipment was sold on July 1, 20v8, for $145,500, illustrate the effects on the accounts and financial statement of depreciation for the six month until the sale date. b2. Assuming that the equipment was sold on July 1, 20Y8, for $145,500, illustrate the effects on the accounts and financial statement of the sale of the equipment: 3 more Check My Work uses remaining Equipment acquired on Jarliary 9,20y3, at a cost of $485,000, has an estimated useful life of 16 years, an estimated residual value of $106,700, and is depreciated by the straight-line method. a. What was the book value of the equipment at the end of the fifth yeac, December 31,20y7? Round your interim calculations and final answer to the nearest dollar. For decreases in accounts or outflows of cash, enter your answers as negative numbers. Round annual depreciation to the nearest dollar and use this amount in your follow-on calculations. If no accetunt or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. until the sale date. b2. Assuming that the equipment was sold on July 1, 20Y8, for $145,500, illustrate the effects on the accounts and financial statement of the sale of the equipment. 3 more Check My Work uses remaining. For decreases in accounts or outflows of cash, enter your answers as negative numbers. Round annual depreciation to the nearest dollar and use this amount in your follow-on calculations. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. b1. Assuming that the equipment was sold on July 1, 20v8, for $145,500, illustrate the effects on the accounts and financial statement of depreciation for the six month until the sale date. b2. Assuming that the equipment was sold on July 1, 20Y8, for $145,500, illustrate the effects on the accounts and financial statement of the sale of the equipment: 3 more Check My Work uses remaining