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Crestheld leases office space for $7000 per month On January 3, the company incurs $35,000 t expected to yield benefits for 20 years. Crestreid has

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Crestheld leases office space for $7000 per month On January 3, the company incurs $35,000 t expected to yield benefits for 20 years. Crestreid has years remaining on its lease. what journal entry related to the improvements? to improve the leased office space. These improvements are y would be needed to record the expense for the first year Multiple Choice Amortization $1,750 Debit Depletion Expense $3,500; credit Accumulated Depletion $3,500 Depletion Debit Depletion E

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