Instructions Equipment acquired on January 8 at a cost of $168.000 has an estimated usetul life of 18 years, has an estimated residual value of $15,000, and is depreciated by the straight line method Required: a. What was the book value of the equipment at December 31 the end of the fourth year? b) Assurning that the equipment was sold on April 1 of the aith ymar for $125,000, ournalize the writes to record (1) deprecianon for the three months unol me sale dare and (2) the sale of the equipment Refer to the chart of accounts for the exact wording of the accounts CNOW Journals do not use lines for journal exptariations. Every time on a journat page is used for det or credit entries. CNOWjournals will automatically indent a credit onay when a credit amount is entered a. What was the book value of the equipment at December 31 the end of the fourth year? S b. Assuming that the equipment was sold on April 1 of the Ath year for $125.000, journalize the enmies to record the following (Reker to the chart of accounts for the exact wording of the account dides. CNOWjournals do not use lines for journal explanations. Every line on a joumat page is used for debitor credit na CNOW cumals wat automatically inderit a credit entry when a credit amount is entered) 1. Depreciation for the three months unti e sale de Question not attempted. JOURNAL Score: 0/25 ACCOUNTING EQUATION DATE DESCRIPTION CREDIT POSTER 2. The sale of the equipment Question not attempted EZ JOURNAL Scorec 0:49 ACCOUNTING EQUATION DATE DESCRIPTION POSET DOHT CREDIT 1 2 1 10 Points 079