2 part question

When originally purchased, equipment had an estinated useful life of 10 years. The equipment cost $240,000, and its estimated residual value was $20,000. It has been depreciated using the straight line method After 3 years of straigh-line depreciation, the equipment's total estimated useful life was revised from 10 years to 7 years, and the estimated residual value was changed to $14,000 1.) What is the accumulated depreciation on the equipment at the end of its third year of use? 2.) What is the journal entry to record depreciation expense for year 4 (the year of the changes to the estimated residual value and useful life)? Requirement 1 Requirement 2 What is the accumulated depreciation on the equipment at the end of its first three years of use? Accumlated Depreciation: Rocurement Requirement 2 > Journal entry worksheet