6 points On January 1, Kiffin Motors pays $77000 for equipment ined in the production of brake pads Kiti Motors estates with equipment for 5 years. At the end of the 5 yea period, Kiffin Motors estimates that it seement for S2000 10096 1. Using the straight line method, calculate and journalire the adjusting entry needed to capture depreciation related to this equipment in Yeart se Dute Account Det Crec 2 What is the net book value for the equipment at the end of year after performing the adjusting entry? Net Book Value H