pter 3 Assignment (6Qs) Print Saved Details regarding Leroux Steel's purchases of plant and equipment items during 2023 follow: Plant and Equipment Item Date of Purchase a. Jan. 1 b. Apr. 1 c. Nov. 1 Cost Machine A Machine B Machine C Estimated Useful life $104,000 5 years 71,000 4 years 35,700 2 years Estimated Sales Value at End of Estimated Useful Life $ 8 3,800 3,300 Help Sa Assume Leroux Steel uses the straight-line method to depreciate its assets. Required: Prepare the annual adjusting entry at December 31, 2023, Leroux's year-end, for each plant and equipment item. View transaction list Journal entry worksheet 1 2 3 Record the depreciation on Machine A. Note: Enter debits before credits. Date Dec 31, 2023 General Journal Debit Credit Clear entry View general journal Record entry Date General Journal Debit Credia Dec 31, 2023 Record entry Clear entry View gener Analysis Component: If depreciation is not recorded, how would the income statement be affected? Expenses Profit