E9-5 (Algo) Determining Financial Statement Effects of Straight-Line Depreciation and Repairs [LO 9-2, LO 9-3] The equipment is being deprecisted on y streight-iine Required: 2. Starting of the beginning of 2021 , what is the remaining estimated life? 3. Prepare the journal entries to record the two expenditures for repairs and maintenance during 2021. Journal entry worksheet Record the adjusting entry for depreciation expense at year-end 2020. Starting at the beginning of 2021 , what is the remaining estimated life? Note: Enter debits before credits. Journal entry worksheet Record the expenditure for ordinary repairs incurred. Note: Enter debits before credits. Journal entry worksheet Record the expenditure for extraordinary repairs incurred. Note: Enter debits before credits