New lithographic equipment, acquired at a cost of $800,000 on March 1 at the beginning of a fincal year, has an estimated usefu lifo of 5 years and an eatimated residual value of $90,000. The manager requested information regarding the effect of allomative methods on the amount of drinteciation expense esch yeatr. In the first woek of the fith year, on March 4, the equipment was sold for $134,570. Required: 1. Determine the annual depreciation expense for each of the estimated 5 yurs of use, the accumulated clepreciation at the end of each yeav, and 2. Jouthalize the entry to record the sale, assuming the manager chose the double-decining balance method