Instructions Equipment acquired on January 6 at a cost of $513,540, has an estimated useful life of 20 years and an estimated residual value of $67,940. A. 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? C. Assuming that the equipment was sold on January 3 of Year 4 for $428,880, journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles. D. Assuming that the equipment had been sold on January 3 of Year 4 for $459. 160 instead of $428.880. journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles. PIESL BUGSUNIS A. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Year 1 depreciation expense Year 2 depreciation expense Year 3 depreciation expense Points: 10/3 B. What was the book value of the equipment on January 1 of Year 4? $ Points: Feedback Check My Work US How does.scading work? PAGE 1 JOURNAL Score: 34/49 ACCOUNTING EQUATION DESCRIPTION POST. REF. DATE Jan. 3 ASSETS LIABILITIES EQUITY Cash Accumulated Depreciation Equipment Loss on Sale of Equipment Equipment Points: D. Assuming that the equipment and been sold on January 3 of Year 4 for $469,160 instead of 5428,880, journalize the entry to record the sale. Refer to the Chart of Accounts wording of account billes How does grading work? PAGE 1 JOURNAL Score: 24:49 ACCOUNTING EQUATION DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LABUTIS QUITY Cash Accumulated Depreciation Equipment Loss on Sale of Delivery Truck Equipment Points Feedback Check My Work