Equipment was acquired on January $1,2019$ at a cost of $$189,000.$ The equipment was originally estimated to have a salvage value of

$$10,000$ and an estimated life of $10$ years. Depreciation has been recorded through December $31,2021$ using the straight$-$line

method. On January $1,2022,$ the estimated salvage value was revised to $$35,000$ and the useful life was revised to a total of $8$ years.

Prepare the journal entry to record depreciation expense for $2022.($Credit account titles are automatically indented when the amount is

entered. Do not indent manually.$)$

Depreciation expense for $2022$$

Adjusting journal entry at $12/31/22$:

Accumulated Depreciation