Adjustment for depredation The estimated amount of depreciation on equipment for the current year is $5,960. Journalize the adjusting entry to record the depreciation, If an amount box does not require an entry, leave it blank. Adjustment for depredation The estimated amount of depreciation on equipment for the current year is $5,960. Journalize the adjusting entry to record the depreciation, If an amount box does not require an entry, leave it blank