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Please please show calculations because I keep getting the answers wrong and I want to learn ook at a cost of $859,200 on March 1

Please please show calculations because I keep getting the answers wrong and I want to learn image text in transcribed
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ook at a cost of $859,200 on March 1 at the beginning of a fiscal year, has an estimated useful life of five st of $859, New lithographic equipment, acquired at a on March 1 at years and an estimated residual value of $96,660. The manager requested information regarding the effect of alternative amount of depreciation expense each year.On the basis of the data presented to the manager, the double decdlining-belance method was selected in the first week of the fifth year, on March 4, the equipment was sold for $141,422 Required: 1. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the and of each year, and the book vaue of the equipment at the end of each year by (a) the straight line method and (b) the double-declining-balance method. Round your answers to the nearest whole dolar 2. Jornalizo the entry to record the sale assuming the manager chose the double-decining balance method 3. Journalize the entry to record the sale in (2), assuming that the equipment was sold for $96,962 instead of $141,422 Refer to the Chart of Accounts for exact wordling of account tities. Feec Check My Work All work saved. 18

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