C Not secure | E9-4 Recording Stralght-Line Depreclation and Repairs [LO 9-2, LO 9-3] Wiater Company operates a small manufacturing facility. On January 1, 2015, an asset account for the ezto tion.com/hm.tpx $231,000 109,500 During the first week of January 2015, the following expenditures were incurred for repairs and s 2,050 The equipment is being depreciated on a straight-line basis over an estimated life of 20 years with a $12,000 estimated residual value. The annual accounting peniod ends on December 31. the effects (accounts, amounts, and + for increase and- for decrease) of the following two items ng equation, using the headings shown below (Enter any decreases to Assets, Liabilities on the or Stockholder's Equity with a minus sign.) 2. The two expenditures for repairs e during January 2015 ation Expense 2015 [C