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Question 8 View Policies Current Attempt in Progress Equipment was acquired on January 1, 2019 at a cost of $198.000. The equipment was originally estimated to have a salvace value of $27.000 and an estimated te of 10 years. Depreciation has been recorded through December 31, 2021 using the straight-line method On January 1 2022. the estimated value was revised to $18.000 and the usefu wa revised to a total of years Prepare the journal entry to record depreciation expense for 2022. (Credit account there tomatically indented when the amount is entered. Do not indent manually) Depreciation expense for 2022 5 Adjusting journal entry at 12/31/22 Date Account Titles and Explanation Debit Credit Dec 31