Hello questions are attach, thanks. Transcribed Image Text: Equipment acquired on January 6 at a cost of $360,550, has an estimated useful life of 12 years and an estimated residual value

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Accounts for exact wording of account titles. D. Assuming that the equipment had been sold on January 3 of Year 4 for $303,490 instead of $272,570, journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles.

Hello questions are attach, thanks. Transcribed Image Text: Equipment acquired on January 6 at a cost of $360,550, has an estimated useful life of 12 years and an estimated residual value of $69,910.
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 $272,570, 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 $303,490 instead of $272,570, journalize the entry to record the sale.
Refer to the Chart of Accounts for exact wording of account titles.

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