Equipment was asquired at the beginning of the year at a cost of $612,500. The equipment was deprecisted ising the doubledeclining bulance methed based on an estimased iseful Ife of 9 years and an estimaled residval value of $43,930. Required: a. What was the decereciation for the fint year? Round your intermediate calculations to 4 decimal places. Found the deaveciation for the year to the nearest whole dollar. b. Assuming that the equpment was sold at me end of the second your for $605,702, defermine the pain or loss on the saty of the equphent credt entry when a credt amount is entered a. What was the decrecation for the fest year? Aound your infermediate calculations to 4 decimul places. Pound the depreciation for the year to the nearest whole doller. explanations: Every ine on a journal page is used for debit or eredit entrles. CNOW joumnis wil automabialy indent a credif entry when al credit amount is entered. Question not attempted