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You purchased a piece of equipment on January 1. The equipment is expected to last for 5 years and depreciate $150 per year. On December 31 of year 3 , the depreciation expense on the income statement will show balance sheet will show and the accumulated depreciation on the $150;$150$150;$450$450;$150$450;$450 QUESTION 24 Which is not a reporting category of asset accounts? Other assets Fixed assets Standard assets Current assets QUESTION 25 $2,060 was withdrawn for payroll and posted to the payroll exchange account, Of that withdrawal, $225 was noted for payroll taxes. How would your payroll journal entry be set up to allocate the payroll detalls? Debit wages for $1,835, debit payroll taxes for $225, credit payroll exchange for $2,060. Debit wages for $1,835, credit payroll taxes for $225, credit payroll exchange for $1,610. Credit wages for $1,835, credit payroll taxes for $225, debit payroll exchange for $2,060. Debit wages for $2,060, credit payroll taxes for $225, credit payroll exchange for $1,835