Gravel Inc. purchased a piece of heavy equipment on March 1, 2022, for $188,760. The useful life of the equipment is estimated to be 11 years, at which time the company expects it to be worthless. Prepare the adjusting entry on December 31, 2022, to record the equipments depreciation using the straight-line depreciation method.

Date	Account Title and Explanation	Debit	Credit
2022
Dec 31	Depreciation Expense	Answer
	Accumulated Depreciation		Answer
	To record depreciation of the equipment