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Please help as soon as possible!! Page 1 of 3 Print 1. EX.10-18.ALGO (Algorithmic) Disposal of Fixed Asset Equipment acquired on January 6 at a

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Page 1 of 3 Print 1. EX.10-18.ALGO (Algorithmic) Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $385,000, has an estimated estimated residual value of $50,200. useful life of 9 years and an What was the annual amount of a. depreciation? for the Years 1-3 using the straight-line method of Year Depreciation Expense Year 1 Year 2 Year 3 b. What was the book value of the equipment on January 1 of Year 4? a73400 c. Assuming that the equipment was sold on January 3 of Year 4 for $259,700, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. nes d. Assuming that the equipment had been sold on January 3 of Year 4 for $278,900 instead of $259,700, journaize the entry to record the sale. If an amount box does not require an entry, leave it blank. A 51 500 2. EX.10-07.ALGO (Algorithmic) Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $262,740 and estimated residual value of $5,500 is expected to have a useful operating life of 59,000 hours. During April, the tractor was operated 100 hours

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