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Instructions Equipment acquired on January 8 at a cost of $142.430, has an estimated useful life of 16 years, has an estimated result of S7.550, and is deprecated by the straight line method A what was the book value of the equipment at December 3t the end of the fourth year? B. Assuming that the equipment was sold on April tof the finin year for St01,872. Journaize the entries to record (rection for more months until the sale date, and (2) the sale of the ecument. Refer to the Court of Accounts for exact worting of account this de 1 06 8"F 5 CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 620 Gain on sale of Delivery Truck 621 Gain on Sale of Equipment 111 Petty Cash 112 Accounts Receivable 114 Interest Receivable 115 Notes Receivable 116 Merchandise Inventory 117 Supplies 119 Prepaid Insurance 120 Land EXPENSES 510 Cost of Merchandise Sold 520 Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Delvery Truck 523 Delivery Expense 524 Repairs and Maintenance Expense 123 Delivery Truck 124 Accumulated Depreciation Delivery Truck 125 Equipment 124 Accumulated Depreciation Delivery Truck 125 Equipment 126 Accumulated Depreciation Equipment 130 Mineral Rights 131 Accumulated Depletion 132 Goodwill 133 Patents 523 Delivery Expense 524 Repairs and Maintenance Expense 529 Seting Expenses 531 Rent Expense 532 Depreciation Expense-Equipment 533 Dupletion Expense 534 Amortization Expense Patents 535 Insurance Expenso 536 Supplies Expense 539 Miscellaneous Expense 710 Interest Expense 720 Loss on Sale of Delivery Truck 721 Loss on Sale of Equipment LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Common Stock METTE 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable 536 Supplies Expense 539 Miscellaneous Expense 710 Interest Expense 720 Loss on Sale of Delivery Truck 721 Loss on Sale of Equipment EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary Previous Next USALI Check My Work 4 more Check My Work uses remaining de 31

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