For each separate case, record an adjusting entry (if necessary). 01:30 a. Barga Company purchases $33.000 of equipment on January 1. The equipment is expected to last five years and be worth $4.600 at the end of that time. b. Welch Company purchases $11,300 of land on January 1. The land is expected to last forever. Prepare the entries to record one year's depreciation expense of $5.680 for the equipment and what depreciation adjustment, if any. should be made with respect to the Land account as of December 31? (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit