how do you do the required 2?

At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of it useful life for a $12,000 cash and be $6000 cash

mework Saved Estimated Useful Life of Assets Purchase Price & Estimated Salvage Value Building Equipment Truck $70,000 20 16 $60,000 $50,000 12 $40,000 Years 8 $30,000 $20,000 4 $10,000 $0 0 Purchase Salvage Purchase Salvage Purchase Salvage Price Value Price Value Price Value Building Equipment Truck Actual & Estimated Units-of-Production Year 1 Production Actual Actual & Estimated Units-of-Production Year 1 Production Actual Year 2 Production Estimated Year 2 Production: 55,000 units Year 3 Production Estimated Year 4 Production Estimated 25,000 100,000 125,000 50,000 75,000 Total Units to be produced tableau ST 1(a). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more vears of remaining useful life. Compute the equipment's book value at the end of its first vear +ableau 1(a). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year. 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for fa) $12,000 cash and (b) $6,000 cash. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2 At the end of the equipment's useful life, the company plads to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) 56,000 cash. View transaction ist Journal entry worksheet Record the sale of equipment at the end of its useful life for $12,000 cash, Notut Enter debits before credits