D EXTRA CREDIT 3 Points 1) Based on Question 15 above, what is 2023 depreciation expense for the equipment that received the capital improvement? 2 Points 2) Which depreciation method "speeds" up depreciation expense in the early years of the asset? Question 15 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