Question: For each separate case, record an adjusting entry if necessary). a. Barga Company purchases $33,000 of equipment on January 1. The equipment is expected to

expected to last five years and be worth $4,600 at the end

For each separate case, record an adjusting entry if necessary). 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 tand 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 Journal entry worksheet

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