Problem 11-4 (Algo) Partial-year depreciation; asset addition; increase in useful life [LO11-2, 11-5, 11-9) On April 1, 2019, the Ke Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $52,200, has an ten-year useful life, and has no residual value. The company uses the straight-line depreciation method for all manufacturing equipment On January 4, 2021, $13,250 was spent to repair the equipment and to add a feature that increased its operating efficiency of the total expenditure, $2.400 represented ordinary repairs and annual maintenance and $10,850 represented the cost of the new feature. In addition to increasing operating efficiency, the total useful life of the equipment was extended to 12 years. Required: 1. Prepare Journal entries for the depreciation for 2019 and 2020. 2. Prepare journal entries for the 2021 expenditure, 3. Prepare journal entries for the depreciation for 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries for the depreciation for 2019 and 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation expense for 2019. Note: Enter debits before credits. Date General Journal December 31, 2019 Depreciation expense Accumulated depreciation-equipment Debit Credit Record entry Clear entry View general journal HR McGraw-Hill EducatioX Question 8 - Chapter X IRL 300 - Google DrivX Untitled presentation * hheducation.com/ext/map/index.html?_con con&external browser=0&aunchurahttps%253A%2 9.252Fnewconnect.me Homework Saved Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare Journal entries for the depreciation for 2019 and 2020. (If no entry is required for a transaction/event, select "N required" in the first account field.) View transaction fist Journal entry worksheet 2 Record the depreciation expense for 2020. Note: Enter debits before credits Date December 31, General Journal Debit Credit 2020 Depreciation expense 'Accumulated depreciation equipment Record entry Clear entry View general Journal 11 Homework i Saved Required 1 Required 2 Required 3 Prepare journal entries for the 2021 expenditure. (If no entry is required for a transaction/event, select "No journal er the first account field.) View transaction list Journal entry worksheet