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Dispoffed A Equipment acquired on January 8, 2011, a cost of $50,000, has an estimated useful life of 15 years and an estimated residual value of $121.000 a. What was the annual amount of depreciation for the years 2011, 2012, and 2013, ung the right method of depreciation Round anual depreciation to the nearest doll and use this amount in your follow on calculations Depreciation expense 2011 32,267 2012 32,267 2013 32,267 b. What was the book value of the equipment on January 1, 2014) 508,199 For decreases in accounts or outons of cash, enter your answers as negative numbers. If no account or activity is affected, select "o effect from the dropdown and leave the corresponding number entry box Income Statement c. Assuming that the ment was sold on January 7, 2014, for 5121,000, llustrate the effects on the accounts and financial statements of the sale Balance Sheet Statement of Assets Cash Flow Libilities Stockholders' Equity - Ne effect Retained Jan 7 121.000 -605,000 96,301 580,801 x Statement of Cash Flows Income Statement Loss en disposal of filed assets d. Assuming that the woment was sold on January 7, 2014, for $756,250 instead of 5121.000 ustrate the effects on the accounts and financial statements of the sale. Balance Sheet Statement of Assets Stockholders' Equity Cash Flow Accumulated derecemento affect Related as Income Statement Previous Next All work saved What was the book of the rest onary 1, 2047 So, 199 For decreases in or out of cash, enter your answers as regtiembers. If no account or activity is rected select a effect from the crowdown and have the corresponding tomber entry box Bank 6. Assuming that the game was sold on January 7, 2014, for $121,000, strate the effects on the accounts and financial statements of the sale Balance Sheet Statar Asset Stockholders' Equity Income Statement 121.000 -605,000 6101 580,801 x Statement of Cashews Income Statement Les on disposal of the d. At the moment was soos ry 7, 2014, for $756,250 nad of $121,000, hate the effects on the accounts and financements of the Balance Sheet Statemente Ante Stockholders Income Statement Statement of Cash Flows Income Statement Cainen ploffee Previous Next Awsaved