= Homework: Week Three Question 10, E11-21 (sim... Part 1 of 2 HW Score: 0%, 0 of 22 points Score: 0 of 1 Save The Vidalia Group sold one of its plant assets on September 1 of the current year for $460,000. The asset had an original cost of $700,500 and an estimated residual value of $75,000. The firm used the straight-line method of depreciation assuming an estimated useful life of fifteen years. The asset was in service for five years as of January 1 of the current year. Read the requirements CHI. Requirement a. Prepare the journal entry required to record the depreciation for the current year. (Record debits first, then credits. Exclude explanations from any journal entries.) Account September 1 Requirements a. Prepare the journal entry required to record the depreciation for the current year. b. Prepare the journal entry required to record the sale of the asset. (Do not round intermediary calculations.) Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Help Me Solve This e Text Pages Get More Help Clear All Check Answer 10:08 PM Type here to search i J' O 80F Partly cloudy O 8/23/2021