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how do you solve and what are answers? Entries for Sale of Foxed Asset Equipment acquired on January 8 at a cost of $128,250 has

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Entries for Sale of Foxed Asset Equipment acquired on January 8 at a cost of $128,250 has an estimated useful life of 14 years, has an estimated residual value of 58,550, a. What was the book value of the equipment at December 31 the end of the fourth year? 94,050 Foodhack b. Assume that the equipment was sold on April 1 of the fifth year for 585,667. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave! Depreciation Expense-Equipment Accumulated Depreciation Equipment BE 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round Inter cash 85.667 Accumulated Depreciation Equipment Loss on sale of Equipment Equipment 128.250

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