Instructions First Questions Equipment acquired on January 6 at a cost of $335,190, has an estimated useful life of 13 years and an estimated residual value of $6B,690 A. VWhat was the annual amount of depreclation for the Years 1- 3 using the straight-line method of depreclation? A. What was the annual amount of dopreciation for the Years 1-3 using the straight line method of dopreciation? 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 $256,655, journalize the entry to record the sale. Refer to the Chart of Year 1 depreciation Accounts for exact wording of account mes Year 2 depreciation hat the eqipment had been said on 3 of Year 4 for $287,515 instead of $256,655, the to record the sale Year 3 depreciation OURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST, REF DEBIT CREDIT ASSETS LIABILUTIES EQUITY B. What was the book valu?of the equipment on January 1 of Year 4? S lan.3 D. Assuming that the equipment had boon sold on January 3 of Yoar 4 for $287,515 instoad of $256,655, journalize the entry to record the sale. Refor to the Chart of Accounts for exact wording of account tines. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES ECUITY