.com ilmn/takeAssignment/takeAssignmentMain.do?invokera&takeAssignmentSessionLocator Sinprogress=false * NP AT&T TV OneLogin Google Docs Pearson Disney Cengage eBook 4 Show Me How Calculator Sale of Equipment Equipment was acquired at the beginning of the year at a cost of $537,500. The equipment was depreciated using the straight-line method based on an estimated useful ufe of 9 years and an estimated residual value of $44,720. .. What was the depreciation for the first year? Round your answer to the nearest cent. X b. Using the rounded amount from Porta in your computation, determine the paintloss) on the sale of the equipment, assuming it was sold at the end of year eight for $92,523 Round your answer to the nearest cent and enter as a positive amount. Boorval is the consumated depreciation in the year, the bence the accumulated depreciation accounts Compare the book value to the price. If the book value is more than the sale price, the equipment was sold for a loss the book valuessa e sale price, the new c. Journalize the entry to record the sale of an amount box does not require an entry, leave it blank. Round your answers to the nearest cont. Check My Work more Check My Works Previous Next All work saved