nmentMain.do?invoker-&takessignmentSessionLocator-assignment-take&inprogress false m/ilrn/take Calculator eBook Print Item Disposal of Fixed Asset Equipment acquired on January 8, 20Y1, at a cost of $390,000, has an estimated useful life of 16 years and an estimated residual value of $62,400. a. What was the annual amount of deprediation for the years 20Y1, 20Y2, and 20Y3, using the straight-line method of depreciation? Round annual depreciation to the nearest dollar and use this amount in your follow-on calculations. Depreciation expense 20Y1 20Y2 20Y3 b. What was the book value of the equipment on January 1, 20Y4? or decreases in accounts or outflows of cash, enter your answers as negative numbers. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. account or activity is affect c. Assuming that the equipment was sold on January 7, 20Y4, for $78,000, illustrate the effects on the accounts and financial statements of the sale Balance Sheet Statement of Cash Assets -LiabilitiesStockholders' Equity Flows Statement Jan, 7 Statement of Cash Flows Income Statement d. Assuming that the equipment ws sold on January 7, 20Y4, for $526,500 instead of $78,000, lustrate the effects on the accounts and finandial statements of the sale Balance Sheet Statement of Cash Liabilities e Stockholders' Equity Flows an. 7 Check My Work 10 more Check My Work uses remaining PreviousS Next All work saved Save and Exit Submit Assignment for Gra 1245 PM Calculator Print Item eBook Depreciation expense 20Y1 20Y2 20 3 b. What was the book value of the equipment on January 1, 20Y4 For decreases in accounts or outflows of cash, enter your answers as negative numbers. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. c. Assuming that the equipment was sold on January 7, 20Y4, for $78,000, illustrate the effects on the accounts and financial statements of the sale. Balance Sheet Liabilities Statement of Cash Income stocknolders Equity statement Assets Flows Jan. 7 Statement of Cash Flows Income Statement d. Assuming that t the equipment was sold on January 7, 20Y4, for $526,500 instead of $78,000, illustrate the effects on the accounts and financial statements of the sale Balance Sheet Statement of Cash "Stockholders Equity statement Income Assets Liabilities Flows an, 7 Statement of Cash Flows Income Statement Check My Work 10 more Check My Work uses remaining Previous All work saved. Save and Exit Submit Assign nmentMain.do?invoker-&takessignmentSessionLocator-assignment-take&inprogress false m/ilrn/take Calculator eBook Print Item Disposal of Fixed Asset Equipment acquired on January 8, 20Y1, at a cost of $390,000, has an estimated useful life of 16 years and an estimated residual value of $62,400. a. What was the annual amount of deprediation for the years 20Y1, 20Y2, and 20Y3, using the straight-line method of depreciation? Round annual depreciation to the nearest dollar and use this amount in your follow-on calculations. Depreciation expense 20Y1 20Y2 20Y3 b. What was the book value of the equipment on January 1, 20Y4? or decreases in accounts or outflows of cash, enter your answers as negative numbers. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. account or activity is affect c. Assuming that the equipment was sold on January 7, 20Y4, for $78,000, illustrate the effects on the accounts and financial statements of the sale Balance Sheet Statement of Cash Assets -LiabilitiesStockholders' Equity Flows Statement Jan, 7 Statement of Cash Flows Income Statement d. Assuming that the equipment ws sold on January 7, 20Y4, for $526,500 instead of $78,000, lustrate the effects on the accounts and finandial statements of the sale Balance Sheet Statement of Cash Liabilities e Stockholders' Equity Flows an. 7 Check My Work 10 more Check My Work uses remaining PreviousS Next All work saved Save and Exit Submit Assignment for Gra 1245 PM Calculator Print Item eBook Depreciation expense 20Y1 20Y2 20 3 b. What was the book value of the equipment on January 1, 20Y4 For decreases in accounts or outflows of cash, enter your answers as negative numbers. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. c. Assuming that the equipment was sold on January 7, 20Y4, for $78,000, illustrate the effects on the accounts and financial statements of the sale. Balance Sheet Liabilities Statement of Cash Income stocknolders Equity statement Assets Flows Jan. 7 Statement of Cash Flows Income Statement d. Assuming that t the equipment was sold on January 7, 20Y4, for $526,500 instead of $78,000, illustrate the effects on the accounts and financial statements of the sale Balance Sheet Statement of Cash "Stockholders Equity statement Income Assets Liabilities Flows an, 7 Statement of Cash Flows Income Statement Check My Work 10 more Check My Work uses remaining Previous All work saved. Save and Exit Submit Assign