Manrow Growers, Inc., owns equipment for sowing and harvesting its organic fruit, vegetables, and tree nuts that are sold to local restaurants and grocery stores. At the beginning of 2019, an asset account for the company showed the following balances:

Equipment	$	350,000
Accumulated depreciation through 2018		165,000

During 2019, the following expenditures were incurred for the equipment:

Major overhaul of the equipment on January 1, 2019, that improved efficiency	$	42,000
Routine maintenance and repairs on the equipment		5,000

The equipment is being depreciated on a straight-line basis over an estimated life of eight years with a $20,000 estimated residual value. The annual accounting period ends on December 31.

Record the adjusting entry for depreciation on the equipment during 2018. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 2. Starting at the beginning of 2019, what is the remaining estimated life? Remaining life years Record the expenditure for the major overhaul of the equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Record the expenditure for routine maintenance and repairs on the equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal