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On July 1, 2022, Cullumber Company purchased new equipment for $84,800. Its estimated useful life was 7 years with a $10,600 salvage value. On January

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On July 1, 2022, Cullumber Company purchased new equipment for $84,800. Its estimated useful life was 7 years with a $10,600 salvage value. On January 1, 2025, the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage value of $5,300 Prepare the journal entry to record depreciation on December 31, 2022. (list debit entry before crodit entry Credit account titles are outomatically indented when amount is entered. Do not indent manuali, If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) eTextbook and Media List of Accounts Prepare the joumal entry to recond depreciation on December 31, 2023. Wist debit entry before credit entry Credit account uiths are automatically indented when amount is entered Do not indent manuelly if no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts) Compute the revised annual depreciation on December 31,2025. Revised annual depreciation eTextbook and Media List of Accounts Prepare the journal entry to record depreciation on December 31, 2025. (List debit entry before credit entry Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter of for the amounts) eTextbook and Media List of Accounts Compute the balance in Accumulated Depreciation-Equipment for this equipment after depreciation expense has been recorded on December 31,2025. Accumulated Depreciation-Equipment

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