PT Disposal of Med Asset Equipment acquired on January 6 at a cost of $154,600 has an estimated use of 7 years and an estimated residual value of $20,200. . What was the annual amount of depreciation for years 1-3 using the straight line method of depreciation Year Depreciation Expense Year 1 Year 2 Year 1. What was the book value of the equipment on January 1 of Year 47 c. Assuming that the equipment was sold on January 3 of Year 4 for $92,200, journalize the entry to record the sale. If an amount box does not require an entry leave it bank d. Assuming that the equipment had been sold on January 3 of Year 4 for $96.900 instead of $92,200, journalize the entry to record the sale. If an amount box does not require an entry wave it blank