On January $1,2022,$ Monty Country Club purchased a new riding mower for $$16,000.$ The mower is expected to have an $10-$year life with a $$5,000$ salvage value.

What journal entry would Monty make at December $31,2022,$ if it uses straight$-$line depreciation? $($Ust all deblt entrles before credlt entries. Credit account titles 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.$)$

Date Account Titles and Explanation

Debit

Credit

Dec. $31$

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