Instructions Equipment acquired on January 8 at a cost of $100.870, has an estimated useful lfe of 12 years, has an estimated residual value of $9,550, and is A. What was the book velue of the equipment at December 31 the end of the fourth year? B. Assuming that the equipment was sold on April 1 of the fifth year for $61,657, journalize the entries to record (1) depreciation for the three months until the sale date, and (2) the sale of the equipment Refer to the Chart of Accounts for exact wording of account tities