Bramble Company acquires a piece of equipment on April 1 with a total cost of $32,500. The company estimates that the equipment has an estimated useful life of 3 years with a residual value of $1,300 and a total life of 5 years with no salvage value. Bramble Company has a December 31 year end and uses straight line depreciation. Assume that Bramble Company is a publicly traded company. What is the depreciable value of the equipment? Depreciable value $ Record the entry for the depreciation charge at year end. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Date Account Titles December 31 Question Part Score If Bramble Company uses ASPE, does the depreciable value change? O If so, what would the value be? Depreciable value Debit Credit 7. --/3 If Bramble Company uses ASPE, does the depreciable value change? If so, what would the value be? Depreciable value $ Record the year-end entry using ASPE. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Date December 31 Account Titles Debit Credit