how to do steps 1 2 and 3 for or 9-4a

double-declining-balance method. obj 2, 3 PR 9-4A Depreciation by two methods; sale of fixed asset 1.B Year T:$320,000 New lithographic equipment, acquired at a cost of $800,000 on March I at the beginning of a depreciation expense fiscal year, has an estimated useful life of five years and an estimated residual value of $90,000 The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year In the first week of the fifth year, on March 4, the equipment was sold for $135,000. EACEL TEMPLATE GENERAL LEDGER Instructions 1. Deternine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equip- ment at the end of each year by (A) the straight-line method and (B) the double-declining halance method. The following columnar headings are suggested for each schedule: Depreciation Expense Accumulated Depreciation, End of Year Book Value, End of Year Year 2. Journalize the entry to record the sale assuming the manager chose the double-declining- 3. Journalize the entry to record the sale in (2), assuming that the equipment was sold for balance method. $88,750 instead of $135,000. PR 9-5A Transactions for fixed assets, including sale The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. All are related to the use of delivery equipment. The double-declining Obj. 1,2,3 s3e4 (al balance method of depreciation is used