Question: Details regarding Leroux Steel s purchases of plant and equipment items during 2 0 2 3 follow: Date of Purchase Plant and Equipment Item Cost

Details regarding Leroux Steels purchases of plant and equipment items during 2023 follow:
Date of
Purchase Plant and
Equipment
Item Cost Estimated
Useful life Estimated Sales Value
at End of Estimated
Useful Life
a. Jan. 1 Machine A $ 97,0005 years $ 0
b. Apr. 1 Machine B 36,0004 years 2,400
c. Nov. 1 Machine C 17,5002 years 1,900
Assume Leroux Steel uses the straight-line method to depreciate its assets.
Required:
Prepare the annual adjusting entry at December 31,2023, Lerouxs year-end, for each plant and equipment item.

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