At Jantary 1,2025, Cullumber Company reported the following property, plant, and equipment accounts: The company uses straight - line depreciation for buidding and equipment, its ynar-end is Oecember 31 , aist it maker adjusting entries During 2025, the followine velectid transactions occurred on the note is parabin innualiveschidilit. July 1 Donchased equipenent for 52.30 mallion cash. At Jantary 1,2025, Cullumber Company reported the following property, plant, and equipment accounts: The company uses straight - line depreciation for buidding and equipment, its ynar-end is Oecember 31 , aist it maker adjusting entries During 2025, the followine velectid transactions occurred on the note is parabin innualiveschidilit. July 1 Donchased equipenent for 52.30 mallion cash