ces Exercise 11-8A (Algo) Recording manufacturing overhead costs in T-accounts LO 11-2 Franklin Corporation manufactures model airplanes. The company purchased for $172,000 automated production equipment that ca make the model parts. The equipment has a $16,000 salvage value and a 12-year useful life. Required a. Assuming that the equipment was purchased on January 1, record in T-accounts the adjusting entry that the company would make on December 31 to record depreciation on equipment. Accumulated Depreciation Manufacturing Overhead