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In January 1, 2022, the Whispering Winds Corp. general ledger shows Equipment $27,950 and Accumulated Depreciation $9,700. he depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $3,700. On this date, e company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value. ompute the revised annual depreciation. Revised annual depreciation $ In a recent annual report, Target reported beginning total assets of $44.1 billion, ending total assets of $44.5 billion, and net sales of \$63.4 billion. Compute Target's asset turnover. (Round answer to 2 decimal places, e.g. 5.60.) Target's asset turnover times On January 1,2022 , Swifty Country Club purchased a new riding mower for $23,000. The mower is expected to have a 8 -year life with a $8,000 salvage value. What journal entry would Swifty make on December 31, 2022, if it uses straight-line depreciation? (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.)