a. Barga Company purchases $32,000 of equipment on January 1, 2017 The equipment is expected to last five years and be worth $4,400 at the end of that time b. Welch Company purchases $11 200 of land on Jenuary 1,2017 The land is expected to last indefinitely Prepare the entries to record one year's depreciation expense of $5,520 for the equipment and what depreciation adjustment, if any, should be made with respect to the Land account as of December 31, 2017? (If no entry is required for a trensaction/event, select "No journal entry required" in the first account field.) ion list Journal entry worksheet adjustment on equipment on 31, 2017 Record enlry