Determine the annual depreciation for each of the five years of estimated useful life of the equipment, the accumulated depreciation at the end of each year, and the book value of the equipment at the...

Determine the annual depreciation for each of the five years of estimated useful life of the equipment, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the double-declining-balance method

Assume that the equipment was depreciated under the double-declining-balance method. In the first week of the fifth year, the equipment was sold for $10,000. Journalize the entry to record the sale.