ndicate the effects $($accounts$,$ amounts, and $+$ for increase and $$ for decrease$)$ of the $2021$ adjustment for depreciation of the manufacturing equipment, assuming no change in the estimated life or residual value. $(!$

Required information

$[$The following information applies to the questions displayed below.$]$

Wiater Company operates a small manufacturing facility. On January $1,2021,$ an asset account for the company showed

the following balances:

Equipment

Accumulated Depreciation $($beginning of the year$)$

$143,500$

During the first week of January $2021,$ the following cash expenditures were incurred for repairs and maintenance:

Routine maintenance and repairs on the equipment

The equipment is being depreciated on a straight$-$line basis over an estimated life of $20$ years with a $$23,000$ estimated

residual value. The annual accounting period ends on December $31.$

Required:

Indicate the effects $($accounts$,$ amounts, and $+$ for increase and $-$ for decrease$)$ of the $2021$ adjustment for depreciation of the

manufacturing equipment, assuming no change in the estimated life or residual value. $($Do not round intermediate calculations.

Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.$)$