Purchased equipment on January 1, 2021 that cost $68,000 with an estimated life of 5 years and an estimated salvage value of $6,800. The company uses straight-line depreciation. What entry would be made to record the purchase of the asset? If a cell is not used, enter a 0. Debits should go first, followed by credits. If more than one account is debited or credited, place them in alphabetical order. Date Account DRE CR Complete the following table using straight-line depreciation aced Depreciation Expense Accumulated Depreciation End of Period Book Value 2021 2022 2023 2024 2025 How would you record the depreciation for 2021? if a cell is not used, enter a 0. Debits should go first, followed by credits. If more than one account is debited or credited, place them in alphabetical order. Date Account 12/31/21