A company uses straight-line depreciation for all of its store fixtures and office equipment. Below is a schedule of the store fixtures and office equipment at the end of 2018. It determines that the useful life of office equipment (ID#4299) is extended to 7 years with a salvage value of $600. Post the adjustng journal entry for the end of 2018.

ID # 1256 FIXTURES AND EQUIPMENT (as of December 31, 2018) Historical Cost Estimated Useful Life Estimated Salvage Value $15,000 $1,000 $1,500 $200 $20,000 5 years $0 $8.300 5 vears $500 10 years 10 years 1876 4299 Date acquired Jan. 1, 2011 Jan. 1, 2013 Jan. 1, 2015 Oct. 1. 2018 5422