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Instructions Chart of Accounts General Journal Instructions Computer equipment office equipment) purchased 6 1/2 years ago for $170,000, with an estimated life of 8 years and a residual value of $10,000, is now sold for $60,000 cash. (Appropriate potries for depreciation had been made for the first six years of use.) Required: Journalize the following entries: a. Record the depreciation for the one-hall year prior to the sale, using the straight-lino method." b. Record the sale of the equipment c. Assuming that eg ment had been sold for $25,000 cash, prepare the entry to record the sale." *Refer to the Chart of Accounts for exact wording of account titles