On july 1,2022 pgaroah company purchased new equipment for $72,000. ots estimated useful life was 7 years with a $9,000 salvage calue. on January 1,2025, the company estimated that the equipments remaining useful life was 10 years, with a revised salvage value og $4500.

(c) Compute the revised annual depreciation on December 31, 2025. Revised annual depreciation $ eTextbook and Media List of Accounts Using multiple attempts will impact your score. 10% score reduction after attemot 2 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 account titles and enter ofor the amounts. Compute the balance in Accumulated Depreciation-Equipment for this equipment after depreciation expense has been recorded on December 31.2025. Accumulated Depredation-Equipment eTextbook and Media