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please help. I dont understand how to do this. Instructions Chart of Accounts First Questions Journal Instructions Equipment was acquired at the beginning of the

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Instructions Chart of Accounts First Questions Journal Instructions Equipment was acquired at the beginning of the year at a cost of $637,500. The equipment was depreciated using the double-declining balance method based on an estimated useful life of 9 years and an estimated residual value of $43,195. A. What was the depreciation for the first year? Round your intermediate calculations to 4 decimal places. Round the depreciation for the year to the nearest whole dollar B. Assuming the equipment was sold at the end of the second year for $631,697, determine the gain or loss on the sale of the equipment C. Journalize the entry on Dec 31 to record the sale. Refer to the Chart of Accounts for exact wording of account titles Chart of Accounts First Quastions Journal Instructions First Questions A. What was the depreciation for the first year? Round your intermediate calculations to 4 decimal places. Round the depreciation for the year to the nearest whole dollar. $632,701.00 B. Assuming the equipment was sold at the end of the second year for $631,697, determine the gain or loss on the sale of the equipment. Journal A C. Journalize the entry on Dec. 31 to record the sale. Refer to the Chart of Accounts for exact wording of account titles. "Accou PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY

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