beaver construction purchases new equipment for $24,000 cash on April 1, 2021. at the time of purchase, the equipment is expected to be used in operations for five years (60 months) and have no resale or scrap value at the ens. beaver depreciates equipment evenly over the 60 months ($400/month) record the entries in journal and calculate the year-end adjusted balance of accumulated depreciation and depreciation expense ( assuming the balance of accumulated depreciation at the beginning on 2021 is $0