Equpment acqured on January $6$ at a cost of:$375,000,$ has an estimated useful of $20$years and an estmated residual value of $$225,000.$ What was the annual amount of depreciation for the Years $1-3$ using the straight$-$line method of depreciation? B$-$ What was the book value of the equipment on January $1$ of Year $4?$ Assuming that the equipment was sold on January $3$ of Year $4$ for $$300,000,$ joumalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles. Assuming that the equipment had been sold on January $3$ of Year $4$ for $325,000$ instead of $$300,000$ journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles.