9a) Alpha Company purchased a vehicle for $25,000 with an estimated useful life of 10 years and a residual value of $5,000. They placed the vehicle in service on October 1, 2022. What is the depreciation entry for Dec 31, 2022 (period end), assuming the company uses Straight Line Depreciation?

b) Given the information in 9a, what would be the depreciation entry for 2032 for this piece of equipment assuming no changes to estimates have occurred.

9a) Alpha Company purchased a vehicle for $25,000 with an estimated useful life of 10 years and a residual value of $5,000. They placed the vehicle in service on October 1, 2022. What is the depreciation entry for Dec 31, 2022 (period end), assuming the company uses Straight Line Depreciation? 7268 b) Given the information in 9a, what would be the depreciation entry for 2032 for this piece of equipment assuming no changes to estimates have occurred.