Current Attempt in Progress

Tamarisk Industries changed from the double$-$declining$-$balance to the straight$-$line method in $2026$ on all its equipment. There was no change in the assets' salvage values or useful lives Plant assets, acquired on January $2,2023,$ had an original cost of $$1,740,800,$ with a $$86,400$ salvage value and an $8-$year estimated useful life. Income before depreciation expense was $$294,400$ in $2025$ and $$320,000$ in $2026.$

$($a$)$

Your answer is correct.

Prepare the journal entry to record depreciation expense in $2026.($Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter Ofor the amounts. List debit entry before credit entry$)$

Account Titles and Explanation

Debit

Credit

Depreciation Expense

$129600$

Accumulated Depreciation$-$Equipment

$129600$

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Assistance Used

List of Accounts

Attempts: $2$ of $4$ used

$($b$)$

Your answer is partially correct.

Starting with income before depreciation expense, prepare the remaining portion of the income statement for $2025$ and $2026.$

$2026$

$2025$

Income before Depreciation Expense

Depreciation Expense

Income before Taxes

$

$ $$

eTextbook and Media

List of Accounts