Exercise $11-8$A $($Algo$)$ Recording manufacturing overhead costs in T$-$accounts LO $11-2$Campbell Corporation manufactures model airplanes. The company purchased for $$171,000$ automated production equipment that car make the model parts. The equipment has a $$17,000$ salvage value and a $11-$year useful life.Requireda. Assuming that the equipment was purchased on January $1,$ record in T$-$accounts the adjusting entry that the company would make on December $31$ to record depreciation on equipment.Accumulated DepreciationManufacturing OverheadDebitCreditDebitCreditDepreciation ExpenseDebitCredit