For each separate case, record an adjusting entry $($if necessary$).$

a$.$ Barga Company purchases $$25,000$ of equipment on January $1.$ The equipment is expected to last five years and be worth $$3,000$ at the end of that time.

b$.$ Welch Company purchases $$10,500$ of land on January $1.$ The land is expected to last forever.

Prepare the entries to record one yeat's depreciation expense of $$4,400$ for the equipment and what depreciation adjustment, if any, should be made with respect to the Land account as of December $31?$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$2$

Record the depreciation adjustment on equipment on December $31.$

Note: Enter debits before credits.