Q5: Prepare the annual adjusting entry using the trial balance and the following details: Equipment worth $25,000 was purchased on January 1,20x0 by the company. The company determined that there is no salvage value for the equipment and that the useful life is 10 years. Record annool depreciofion expease. Q5: Prepare the annual adjusting entry using the trial balance and the following details: Equipment worth $25,000 was purchased on January 1,20x0 by the company. The company determined that there is no salvage value for the equipment and that the useful life is 10 years. Record annool depreciofion expease