On December $31,$ Year $4,$ Alexa Company is preparing adjusting entries for its annual year$-$end. The following issues confront the company. determined that the estimated total useful life is $6$ years instead of $10.$ discovered that no depreciation had been recorded on this equipment for Year $1$ or Year $2,$ but it was recorded for Year $3.$ would have been $$303,000$

a$.$ For equipment #$101,$ provide the required adjusting entry for depreciation expense at December $31,$ Year $4$

Note: Round answers to the nearest whole dollar.

$\backslash$table$[[$Date$,$Account Name,,Dr$.,$Cr$.],[$Dec$.31,$ Year $4,$Depreciation Expense,$,2,503,0],[,$Accumulated Depreciation,$v,0,2,503],[,$To record deprecaiation.,,,$]]$

b$.$ For equipment $$502,$ provide the required adjusting entry for depreciation expense at December $31,$ Year $4$

$\backslash$table$[[$Date$,$Account Name,,Dr$.,$Cr$.],[$Dec$.31,$ Year $4,$Depreciation Expense,$,1,365,0],[$Accumulated Depreciation,$,0,1,365x$