7 EB-8 (Algo) Determining Financial Statement Effects of Depreciation and Repairs (Straight-Line Depreciation) LO8-2, 8-3 Hume Company operates esmal manufacturing facity as a supplement to its regular service achts At the beginning of 2020 asset account for the company showed the following balances Panufacturing equipment $138,000 Acculated depreciate th During 2020, the following expenditures were incurred for the equpment mayor overnal of the output in January 22 2928. That promet officiery Nutieselstenance and repairs on the ap # The equipment is being depreciated on a straight-line basis over an estimated site of 6 years with a $10.000 estimated residus value The annual accounting period ends on December 31 Required: indicate the effects of the following on the accounting equation (Enter decreases to account categories as negative and da not round your intermediate calculations.) 1. The adjustment for depreciation at the end of 2019 2. The two expenditures during 2020 for cal the major overhaul of the equipment and repairs and maintenance. Scripy Lis Assets Everlate 2010 2x 2020 26 2020 10 par 2 de OD1