O 01:59:05 Hide Tin Question 44 View Policies Current Attempt in Progress Equipment was acquired on January 1, 2019 at a cost of $173,000. The equipment was originally estimated to have a salvage value of $11,000 and an estimated life of 10 years. Depreciation has been recorded through December 31, 2021 using the straight-line method. On January 1, 2022, the estimated salvage value was revised to $32,000 and the useful life was revised to a total of 8 years, Prepare the journal entry to record depreciation expense for 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Depreciation expense for 2022 $ Adjusting journal entry at 12/31/22: Debit Credit Date Account Titles and Explanation Dec 31 Save for Later Attempts: 0 of 1 used Submit Answer