mybusinesscourse.com Welcome, Engram- Blackboar Mail - marcule@cmich.edu Chapter 9 Homework Course: ACC E Menu of Financial TOREVIEWEEARNTNGOBJECTVES QUESTION 4 Not complete Marked out of 3.00 ag question Revision of Depreciation On January 2, 2012, Mosler, Inc., purchased equipment for $85,000. The equipment was expected to have a $10,000 salvage value at the end ofits estimated six-year useful life Straight-line depreciation has been recorded. Before adjusting the accounts for 2016, Mosier decided that the u salvage value decreased to $8,000 a. Prepare a journal entry to record depreciation expense on the equipment for 2016. R your answer to the nearest dollar General Journal 6 Debit Credit Dec. 31 Depreciation Expense- Equipmente r 7 Accumulated Depreciation , Equipment # er 8 er 9 ter 10 To record depreciation expense b. What is the book value of the equipment at the end of 2016 (after recording the depreciation expense for 2016)? pter 11 Book Value at year ended December 31, 2016: s o Check riptions files Save Answers Previous page Finish attempt