Sol of Eument Equipment was acquired at the beginning of the year at a cost of $625,000. The eruipment was deprecated using the straight-line method bed on an estimated vers le of years and an estimated residual value of $41,550, What was the depreciation for the first year round your answer to the storescent 6. Using the rounded amount from Porta in your computation, determine the gainoss) on the sale of the equipment, assuming it was sold at the end of yureght for $100,158. Round your answer to the nearest cent and enter sa poste amount Journalize the try to record the sale of an amount box does not require an entry leave a blank. Round your answers to the nearest cont