a. On January 1, 2025, Salt Creek Country Club purchased a new riding mower for \(\$ 15,000\). The mower is expected to have a 10 -year life with a \(\$ 1,000\) salvage value. What journal entry would Salt Creek make on December 31, 2025, if it uses straight-line depreciation?

b. Fordon Corporation purchased a piece of equipment for \(\$ 50,000\). It estimated an 8-year life and \(\$ 2,000\) salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be \(\$ 4,000\). Compute the revised depreciation.