mpact of Improvements and Replacements on the Calculation of Depreciation 1. Using the straight-line method, prepare general journal entries for depreciation on December 31, 20-1, for Simulators A and 8. If an amount box does not require an entry, leave it blank. 2. Enter the transactions for January 20-2 in a general journal. If an amount box does not require an entry, leave it blank. . Assuming no other additions, improvements, or replacements, calculate the depreciation expense for each simulator for 20-2 through 20-8 f required, round your answers to the nearest cent. n January 1, 20-1, two flight simulators were purchased by a space camp for $77,000 each with a salvage value of $5,000 each and stimated useful lives of eight years. On January 1, 20-2, the hydraulic system for Simulator A was replaced for $6,000 cash and an updated mputer for more advanced students was installed in Simulator B for $9,000 cash. The hydraulic system is expected to extend the life of imulator A three years beyond the original estimate