a. Bargo Company purchases $23,000 of equipment on January 1, 2017. The equipment is expected to last five years and be worth $2,600 at the end of that time, b. Welch Company purchases $10,300 of land on January 1, 2017. The land is expected to last indefinitely Prepare the entries to record one year's depreciation expense of $4,080 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 transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet > 1 2 Record the depreciation adjustment on equipment on December 31, 2017 Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general journal