chapter 9 question 7 e

Prepare the journal entry to record depreciation on December 31.2025, (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts.) On July 1,2022, Sheridan Company purchased new equipment for $91,200. Its estimated uscful life was 7 years with a $11,400 salvage value. On January 1,2025, the company estimated that the equipment's remaining useful life was 10 years. with arevised salvage value of $5,700