somework C llock Show Me How CV ALGO LCO Entries for Sale or Fund At Equipment acquired on January 8 x cost of $107,100 has an estimated use ifa of 12 years, has an estimated value of $8,700, and is deprecated by the straight-in metod. What was the book of the equipment at December 31 the end of the fourth year? ALGO ALGO desity ALGO JALGO b. Assume that the equipment was sold on April 1 of the year for 566,270. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount to does not require entry, leave it blank Round your answers to the nearest whole dollar if required. Depreciation Expense-Equipment 10X Accumulated Depreciationment The deprecation account of the east being sold or discarde needs to be updated to reflect the month of the year it is being discarded or sold. The straight-line method of depreciation calates the amount of depreciation to be recognized each year. 2. Journalize the entry to record the sale of the equipment, an amount box does not require any leon. Do not round intermediate calculations. My The depreciation account of the fixed asset being sold or discarded needs to be updated to reflect the months of usein the year it is being discarded or sold. The straight-line method of depreciation calculates the amount of depreciation to be recognized each year. Per identity 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blanc. Do not round Intermediate calculations. Cash Accumulated Depreciation Equipment Loss on sale of Equipment 700 x Equipment en door Feb Check My Wor Be sure to record the selling price of the forced asset. If the company no longer has the find asset what accent would need to be eliminated? Was there again or a loss on the sale? Previous Not) OLA Wed Check My Work tema Save and Exit Submit Assignment for Grading