COB. Homework Help Save & Sub Check my wor Ok Company pays $293.000 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment 1. During the second year of the equipment's life, $16,950 cash is paid for a new component expected to increase the equipment's productivity by 10% a year 3. During the fourth year. $9.900 paid for repas expected to increase the use of the equipment from four to five years. Journal entry worksheet edhe 16 inch Transrollon