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part c and d please 11:44 1 .. 5G 4 Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $455,400 has
part c and d please
11:44 1 .. 5G 4 Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $455,400 has an estimated useful life of 10 years and an estimated residual value of $59,400. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Year Depreciation Expense 39,400 39.400 Years b. What was the book value of the equipment on January 1 of Year 47 336,600 Feedback Asset cost minus residual value equals deprecable cost. Asset cost minus accumulated depreciation equals book value. The Accumulated Depreciation account is a permanent account and therefore the balance in the account grows each year of the asset's life. c. Assuming that the equipment was sold on January 3 of Year 4 for $319,800, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Accuminte.clation faiement LS d. Assuming that the equipment had been sold on January 3 of Year 4 for $343,300 instead of $319,800, AA Av2.cengagenow.com 11:45 1 . 5G 4 precio en 39.000 39.400 b. What was the book value of the equipment on January 1 of Year 47 336.600 Feedback Asset cost minus residual value equals depreciable cost. Asset cost minus accumulated depreciation equals book value. The Accumulated Depreciation account is a permanent account and therefore the balance in the account grows each year of the asset's life. C. Assuming that the equipment was sold on January 3 of Year 4 for $319,800, Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Accidente Lossen Sie d. Assuming that the equipment had been sold on January 3 of Year 4 for $343,300 instead of $319,800, Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Feedback Compare the book value amount to the sale price. If the book value is less than the sale price, the asset was sold for a gain. If the book value is more than the sale price, the equipment was sold for a loss. v2.cengagenow.com
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