Instructions depreciation expense each year.

In the first week of the fifth year, on March $4,$ the equipment was sold for $$151,924.$

Required:

Determine the annual depreciation expense for each of the estimated $5$ 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.

Journalize the entry to record the sale, assuming the manager chose the double$-$declining$-$balance method.

Journalize the entry to record the sale in $(2),$ assuming that the equipment was sold for $$105,874$ instead of $$151,924.$