H 4316573 Gurjot... David Li Am... DC 4316450 Nee... (4316471) Ha... 431655 14-1.pdf assignment 4.2.pdf 171 Date of Purchase Estimated Useful Life Estimated Sales Value at End of Estimated Useful Life Plant and Equipment item Machine A Machine B Machine C $ a. Jan. 1 b. Apr. 1 c. Nov. 1 -0- Cost $28,000 56,000 8,400 5 years 4 years 2 years 8,000 1,200 Required Prepare the annual adjusting entry at December 31, 2011, Leroux's year-end, for each plant and equipment item. Analysis component: What is the purpose of recording depreciation? If depreciation is not recorded, how would the income statement be affected? An asterisk (*) identifies assignment material based on Appendix 4A or Appendix 48