Question: wa -15 Question 4 View Policies Current Attempt in Progress Equipment was acquired on January 1, 2019 at a cost of $170,000. The equipment was

 wa -15 Question 4 View Policies Current Attempt in Progress Equipment

wa -15 Question 4 View Policies Current Attempt in Progress Equipment was acquired on January 1, 2019 at a cost of $170,000. The equipment was originally estimated to have a salvage value of $24,000 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 $29,000 and the useful life was revised to a total of 8 years. Prepare the journal entry to record depreciation expense for 2022. (Credit account ttles are automatically indented when the amount is entered. Do not indent manual) Depreciation expense for 2022 $ Adjusting journal entry at 12/31/22: Date Account Titles and Explanation Dec. 31 Debit Credit Save for Later Attempts: 0 of 1 used Submit Antwer

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