Question: Fix everything highlighed in red OR has a red x next to it please Equipment acquired on January 6 at a cost of $459,240, has
Fix everything highlighed in red OR has a red x next to it please




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 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. A. What was the annual amount of depreciation for the Years 1-3 using the of depreciation? Year1depreciationexpenseYear2depreciationexpenseYear3depreciationexpenseXX 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 tit 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 exac wording of account titles
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