Question: I need help with part c please! On July 1.2022, Wildhorse C0. purchased new equipment for $97,600. Its estimated useful life was 7 years with



On July 1.2022, Wildhorse C0. purchased new equipment for $97,600. Its estimated useful life was 7 years with a $12,200 salvage value. On January 1,2025, the company estimated that the cquipment's remaining useful life was 10 years, with a revised salvage value of $6,100 Prepare the journal entry to record depreciation on December 31, 2022. (List debit entry before credit entry. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Prepare the journal entry to record depreciation on December 31,2023. (List debit entry before credit entry. Credit account titles are automotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities ond enter 0 for the amounts.) Compute the revised annual depreciation on December 31, 2025. Revised annual depreciation
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