Question: 8 points: Change in depreciation (using straight line) Using the same asset as before... Instead of selling the equipment RBG, Inc decided to invest $30,000

8 points: Change in depreciation (using straight line) Using the same asset as before... Instead of selling the equipment RBG, Inc decided to invest $30,000 cash into the equipment for capital improvements on July 31, 2023. This will allow the equipment to last 5 years from the date of the improvements. The salvage value is now $10,000 and the company is continuing to use the Straight Line method. REQUIRED *** Prepare the journal entry for depreciation for 2024

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