ntries for Sille of Fixed Asset: quipment acquked an landary 8 at a cost of $138,750 has an estimated usefurlie of 15 vears, has an fstimated rusidual walue of $9, 600 , and is depreciated by the straighif-line ethod. W. What was the book value of the equipment at December 31 the end of the fourth year? Frectback Fock Mrwork Hook velue is the initial cost of the fooed asret minus the accumutated sepreciacien Assiame that the equipment was vold on Apol 1 of the lath year for 595.777 . - Joumalize the entry to record depreqution for the three months unti the rale date. If an wmount box does not require an entiy, Leave at blunk Round your ansivern to the carest whole dollar if required. 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank, Do not round intermediate calculations. Cash: Accumulated Depreciation-Equipment =V Lossion Sate of Equipment V Equipment