New inhographic equipment, acouired at a coet of $940,000 on March 1 at the beginning of a fscal year, has an estimated useful ife of five years and an estinated saifual vatus of 5105.750 . The manager requented information regarding the effect of abernative methsed on the amount of descreciation expense each year. On the basis of fhe data presented to the manager, the boublededinios:balance methad was selected. In the frst week of the thth year, on March 4 . the equipment was sold for 5151,924. Fequired: the double-dfcinho-balasce method Round your answers bo be nearest whole dobar: 3. Joumalize the entry fo recond the sale in (2), ascuming that me equipment was bold for 5+05,074 inathad of 5151,524 Reter bo the Chat of Accounts for enat wording of actount tres Starthy Questions Shaded cels hare feabsck Journal Shaded cels have fecateack. Determine the annual depreciation expense for esch of the estmated fve years of use, the accumulated depreciafion af the end of eech year, and the book vaive of the equibment at the end of each year by (a) the straight-line memod and (o) the doubledeclining-balance method. found your answers to the neavest whole dollar. Enter all amounts as a posthe numbers. 2. On March 4 , joumalise the entry fo record the sale assuming the munager chose the double-declining-balance method. Alefer to thr account reves: Question not attevopted. 3. On March 4, journalize the entry fo rocord the sale in (2), assuming that the equipment was sold for $105,874 indesd of 5151,924 exact wording of account thes. Question not attertpted