NSC company uses the straight line method of calculating depreciation. $$equipment worth $$150,000$ was purchased at the beginning of the year. the equipment is expected to have a life of $5$ years and a salvage value of $$25,000.$ the company's fiscal period is from january $1$ to december $31.$ the adjusting entry on december $31$ to record depreciation would involve a debit to $--$ and a credit to $---$ the amount of the adjustment for depreciation was $$----.$