103. Medical Equipment Leasing Company leased equipment to Hanover Healthcare System on January 1, 2025, for a four-year period. Equal annual payments under the lease are $250,000 and are due on January 1 of each year. The first payment was made on January 1, 2025. The implicit rate of interest contemplated by Medical Equipment Leasing and known to Hanover Healthcare is 8%. Hanover's incremental borrowing rate is 10%. The cost of the equipment on Medical Equipment Leasing accounting records was $775,000. Assuming that the lease is appropriately recorded as an operating lease and the remaining useful life of the equipment is 6 years, what is the journal entry to record depreciation on December 31,2025