Grouper Company acquires a piece of equipment on April 1 with a total cost of $23,000. The company estimates that the equipment has an estimated useful life of 3 years with a residual value of $920 and a total life of 5 years with no salvage value. Grouper Company has a December 31 year end and uses straight line depreciation. Assume that Grouper Company is a publicly traded company. What is the depreciable value of the equipment? Depreciablevalue $ Record the entry for the depreciation charge at year end. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Question Part Score If Grouper Company uses ASPE, does the depreciable value change? If so, what would the value be? Depreciable value $ Record the year-end entry using ASPE. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.)