Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com a. Barga Company purchases $39,000 of equipment on January 1, 2017. The equipment is expected to last five years and be worth $5,800 at the end of that time. b. Welch Company purchases $11,900 of land on January 1, 2017. The land is expected to last indefinitely Prepare the entries to record one year's depreciation expense of $6,640 for the equipment and what'depreciation adjustment, if any. should be made with respect to the Land account as of December 31, 2017? (If no entry is required for a transaction/event, select No journal entry required" in the first account field.) Answer is complete but not entirely correct. No Transaction General Journal Debit Credit Depreciation expense-Equipment 39000 a. Equipment 39.000 3 11,900 b. Land 1,900