Question: Question 44 View Policies Current Attempt in Progress Equipment was acquired on January 1, 2017 at a cost of $193,000. The equipment was originally estimated

 Question 44 View Policies Current Attempt in Progress Equipment was acquired

Question 44 View Policies Current Attempt in Progress Equipment was acquired on January 1, 2017 at a cost of $193,000. The equipment was originally estimated to have a salvage value of $25.000 and an estimated life of 10 years. Depreciation has been recorded through December 31, 2021 using the straight-line method. On January 1, 2022, the estimated salvage value was revised to $36,000 and the useful life was revised to a total of 8 years Prepare the journal entry to record depreciation expense for 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Depreciation expense for 2022 S Adjusting journal entry at 12/31/22: Debit Date Account Titles and Explanation Dec. 31 Attempts of 1 used Suwer Save for Later Assignment sent to Gradebook Your grade is being recorded

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