On January 1 , the company purchased equipment that cost $10,000. The equipment is expected to be worth about for has a salvage value of $1,000 at the end of its useful life in five years. The company uses straight-line depteciation. It has not recorded any adjustments relating to this equipment during the current year: Complete the necessary December 31 joumal entry by seiecting the account names from the pull-down menus and entering dollat amounts in the debit and credit columns Journal entry worksheet On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage value of) $1,000at. the end of its ugeful tife in five years: The company uses straight-line depreciation, It has not recorded any adjustments relating to this equipment noter Enter debits before credis