Question: please solve it all step by step Question 06 (07 points) An equipment purchased on January 1, 2018 for $ 60,000, with an estimated life

please solve it all step by step

Question 06 (07 points) An equipment purchased on January 1, 2018 for $ 60,000, with an estimated life of 7 years and a residual value of $ 8,200, is sold om September 30, 2021 for $40,000 cash. The equipment is depreciated using the straight-line method. (a) Calculate the amount of annual depreciation expense of the equipment. Calculate the book value of the equipment on September 30, 2021. (c) Record the sale of the equipment. (d) Record the sale of the equipment assuming that the selling price was $30,000 instead of $40,000. (b)

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