1 of 17 An equipment was bought for $12,000 on the first of January. With 5 years expected life and no salvage value. The adjustment entry to record at the end of the year is O Dr. Depreciation expense 1,000 Cr. Accumulated depreciation 1.000 Accumulated depreciation 2.400 Cr. Depreciation expense 2.400 Dr. Accumulated depreciation 1,000 Cr Depreciation expense 1.000 O Dr. Depreciation expense 2.400 Cr. Accumulated depreciation 2.400