It is estimated that the store equipment will have a $1,000 value at the end of its estimated five-year (or 60-month) useful life. David Bowie will record a full month of depreciation for August. Record the the journal entry for August 31 Please follow guidelines for recording in the journal. See example below. No partial marks will be given. Date not needed E.G. Wages Expense 125 Dr Cash 125 Cr Description of transaction (include your formula to calculate depreciation amount)