On July 1.2019, Biossom Company purchared new equipnent for 575.000 . Its estimated useful life was 5 wears with a 512.000 salvage value. On December 31.2022 , the compary entimated that the equipment sremaininguseful life was 10 years, with a revised walvage value of $5,000 (a) Vour misper is correct Prepare the lournat entry to record depreciation on December 31, 2019. CCredit occount tlier are outomatically indented when amount is entered Do not indent manually. If no entry is required. select "No Entry" for the account titles and enter Ofor the amounts. seicct "No Entry" for the ocoount tides and enter ofor the amounts)