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ungano Corporation is a global publisher of magazines, books, and music, as well as video collections, and it is one of the world's eading direct-mail marketers. Many direct-mail marketers use high-speed Didde press equipment to print their advertisements. These resses can cost more than $1 million. Assume that Rungano owns a Didde press acquired at an original cost of $400,000. It is being epreciated on a straight-line basis over a 20-year estimated useful life and has a $50,000 estimated residual value. At the end of 024, the press had been depreciated for eight years. On April 1, 2025, a decision was made, on the basis of improved maintenance rocedures, that a total estimated useful life of 25 years and a residual value of $73,000 would be more realistic. The fiscal year ends ecember 31. quired: -a. Compute the amount of depreciation expense recorded in 2024. Answer is complete and correct. $17,500 -b. Compute the carrying amount of the printing press at the end of 2024. Answer is complete and correct. arrying amount 260 . Compute the amount of depreciation that should be recorded in 2025. Answer is complete but not entirely correct. ciation ex ense 12,552 . Prepare the adjusting entry to record depreciation expense at December 31, 2025. (If no entry is required for a transaction/event, elect "No journal entry required" in the first account field.) Answer is complete but not entirely correct. No Date General Journal December 31, 20 Depreciation expense Accumulated depreciation Debit Credit 12,552 12,552