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On January 4, 2018, Crazy Fun Whitewater Adventures purchased a new rver raft for $15,300. This new raft will have a usefual lfe of 5

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On January 4, 2018, Crazy Fun Whitewater Adventures purchased a new rver raft for $15,300. This new raft will have a usefual lfe of 5 years, and a trade-in (salvage) value of $3,200 at the end of that time. Using straight-line depreciation, calculate and record the adjusting entry as of December 31, 2018. General Journal Date Post Ref Description Debit Credit GeneralJournal

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