eo Assignment Saved Required information nowicuye LIELN VI On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a sal value of) $1,000 at the end of its useful life in five years. The company uses straight-line depreciation. It has not recorded any adjustments relating to this equipment during the current year. Complete the necessary December 31 journal entry by selecting the account names from the pull-down menus and entering dol amounts in the debit and credit columns View transaction list Journal entry worksheet On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage value of) $1,000 at the end of its useful life in five years. The company uses straight-line depreciation. It has not recorded any adjustments relating to this equipment Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Depreciation expense Accumulated depreciation 6 0 e to search o X5 w