PLEASE HELP I DONT KNOW WHAT IM DOING WRONG ITS DUE IN A FEW HOURS

Sale of Equlpment Equipment was acquired at the beginning of the year at a cost of $41,250 The equipment was depreciated using the double-declining-balance method based on an estimated useful life of ten years and an estimated residual value of $800. a. What was the depreciation for the first year? 8,250 the equipment was sold at the end of year 2 for $10,160, determine the gain or loss on the sale of the equipment 3,960x Loss Check My Work Box va,isthe asset cost minus Documulated deprecator. Inthe trst year. me balance inthe aou-lated depreciation aocout is zero. Congare tn book va ntote sale price rthe book value roe han the sale price, the equormert was sold alos, "the bok vue is less tan te sale ponbeequemert was sold tr sgar. e Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank EquipmentY Check My Work Be sure to record he selg price of Leaming Objective 3 fxed assetlfthe company no longer has P etud asset what account(s)would feed to be ein natez? was thero agar, or a loss on sale? Check My Werk Partaly cormect Previous Next