Current Attempt in Progress Equipment was purchased by Blue Manufacturing on January 1, 2022, for $145000. Blue's policy is to adjust its accounts at year-end. Which is the appropriate journal entry to record depreciation at year-end if the company expects to use equipment consistently for 5 years? In the choices below, as per convention, debits are listed first followed by credits. Dr Accumulated Depreciation - Equipment $29000 Cr Depreciation Expense - Equipment $29000 Dr Accumulated Depreciation - Equipment $29000 Cr Equipment $29000 Dr Depreciation Expense - Equipment $29000 Cr Accumulated Depreciation - Equipment $29000 Dr Depreciation Expense - Equipment $29000 Cr Equipment $29000 Save for Later Attempts: 0 of 1 used Submit Answer