On January 1, 2020, Chorle te Co purchosed an equipment for $90,000 cosh. Ghorleu entimated the nquipmant would hove a 6 - ynot unefut life and a renidual volue of $5,000. The Compony uses straight-line depreciation and has a becember 31 fiscol year end. a. Fquipment depreciation expenen for year 2020 wos $ b. As at December 31,2020 , the carrying amount of the Equipment shown on the bolance sheet was s Charles sold the Equipment for $60,000 on January 2,2021 , the ditposal resulted in a