help me with b-column 5

oter 9 Homework eBook Calculator Print Item Depreciation by two methods; sale of fixed asset Instructions Chart of Accounts Starting Questions Journal Instructions New lithographic equipment, acquired at a cost of $800,000 on March 1 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $90,000. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. In the first week of the fifth year, on March 4, the equipment was sold for $135,000. Required: 1. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the double-declining-balance method. 2. Journalize the entry to record the sale assuming the manager chose the double-declining- balance method. Refer to the Chart of Accounts for exact wording of account titles. 3. Journalize the entry to record the sale in (2), assuming that the equipment was sold for $88,750 instead of $135,000. Refer to the Chart of Accounts for exact wording of account titles. Instructions Starting Questions 12. W www on AN 142,000 142,000 142,000 142,000 142,VUU 284,000 426,000 568,000 710,000 516,000 374,000 232,000 90,000 b. Double-declining-balance method w N E Depreciation Expense $320,000 192,000 115,200 69,120 Accumulated Depreciation, End of Year $320,000 512,000 627,200 696,320 Book Value, End of Year $480,000 288,000 172,800 103,680 on Therk My Work 3 more Check My Work uses remaining