compute the revised annual depreciationCurrent Attempt in Progress

On July $1,2022,$ Crane Company purchased new equipment for $$83,200.$ Its estimated useful life was $7$ years with a $$10,400$ salvage

value. On January $1,2025,$ the company estimated that the equipment's remaining useful life was $10$ years, with a revised salvage

value of $$5,200.$

$($a$)$

Your answer is correct.

Prepare the journal entry to record depreciation on December $31,2022.($List debit entry before credit entry. Credit account titles are

automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and

enter $0$ for the amounts.$)$

$($b$)$

Your answer is correct.

Prepare the journal entry to record depreciation on December $31,2023.($List debit entry before credit entry. Credit account titles are

automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and

enter $0$ for the amounts.$)$

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List of Accounts

$($c$)$

Compute the revised annual depreciation on December $31,2025.$

Revised annual depreciation $

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eTextbook

List of Accounts

Attempts: $0$ of $3$ used

$($d$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($e$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.