Journal Entry: A forklift is purchased for 10,000 paying half in cxash and half with a 5 year 12% note. The forlift is expected to last for 10 years. Adjusting entry: Compute and record depreciation on the forklift acquired on dec 1. Assume that usage will occur at an even rate the life of the machine, so that 1/120th of its original cost will be depreciated each month

Can you help me write the adjusting enrty for this one please