5 of 11 Time Remaining: 00 3650 This Test: 55 pts. Assume that Apex s126.000for equipment with a 14 year e and zero expected residualvalue Aterusingthe equipment for six years, the company determines that the ass temain usetul for only four more years Requirements 1. Record depreciation on the equipment for year T by the straight-line method. 2.What is accumulated depreciation at the end of year 7? Record the depreciation on the for year 7. Record debits first then credits Explanations wil appear on the last line journal entry table check your speling caefuly and do not equipment of the abbreviate) Debit Accounts and Explanation Requirement 2 What is accumulated depreciation at the end of year 7? The accumulated depreciation at the end of year 7 s s ALIENWARE