Pryce Company owns equipment that cost $66 600 when purchased on January 1 2014. It has been depreciated using the straight-line method based on estimated salvage value of $3 300 and an estimated useful life of 5 years.Prepare Pryce Company’s journal entries to record the sale of the equipment in these four independent situations.(a)Sold for $32 980 on January 1 2017.(b)Sold for $32 980 on May 1 2017.(c)Sold for $10 000 on January 1 2017.(d)Sold for $10 000 on October 1 2017.
