Remaining Time: 39 minutes, 42 seconds. Question Completion Status: A Click Submit to complete this assessment. Question 42 Holton Company bought equipment on June 10 of Year 1 for $21,000. The equipment was expected to remain in vitro equipment's useful life, Holton Co. estimates that its residual value will be $3,000. The equipment produced 500 widgets for Women Company sold the equipment for $19.000. 1 Compute straight-line deprecation for Year 1. 2 Journalize depreciation under the straight-line method for Year 1. 3 Journalize the sale of equipment on January 1 of Year 2. AL IX For the toolbar, press ALT+F10 (PC) or ALT+FN+F10(Mac). B IVS Paragraph Arial 14px 6 6 X X T Te ) r 11 12 IMU 1 WORDS POWER