Business, 17.01.2020 18:31 potatocow

Equipment acquired on january 6 at a cost of $459,240, has an estimated useful life of 19 years and an estimated residual value of $62,805.

a. what was the annual amount of depreciation for the years 1-3 using the straight-line method of depreciation?
b. what was the book value of the equipment on january 1 of year 4?
c. assuming that the equipment was sold on january 3 of year 4 for $379,920, journalize the entry to record the sale. refer to the chart of accounts for exact wording of account titles.
d. assuming that the equipment had been sold on january 3 of year 4 for $410,485 instead of $379,920, journalize the entry to record the sale. refer to the chart of accounts for exact wording of account titles.

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