QS 3-9 Adjusting for depreciation LO P1 a. Barga Company purchases $21,000 of equipment on January 1, 2017. The equipment is expected to last five years and be worth $2,200 at the end of that time. b. Welch Company purchases $10,100 of land on January 1, 2017. The land is expected to last indefinitely points Skipped Prepare the entries to record one year's depreciation expense of $3,760 for the equipment and what depreciation adjustment, if any should be made with respect to the Land account as of December 31, 2017? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) eBook View transaction list Print Journal entry worksheet References 1 Record the depreciation adjustment on equipment on December 31, 2017. Note: Enter debits before credits. Credit Debit Transaction General Journal a Clear entry View general journal Record entry QS 3-9 Adjusting for depreciation LO P1 a. Barga Company purchases $21,000 of equipment on January 1, 2017. The equipment is expected to last five years and be worth $2,200 at the end of that time. points b. Welch Company purchases $10,100 of land on January 1, 2017 The land is expected to last indefinitely Skipped Prepare the entries to record one year's depreciation expense of $3,760 for the equipment and what depreciation adjustment, if any should be made with respect to the Land account as of December 31, 2017? (If no entry is required for a transection/event, select "No journal entry required" in the first account field.) eBook View transaction list Print Journal entry worksheet References Record depreciation adjustment on land, if any Note: Enter debits before credits Debit Credit General Journal Transaction b View general journal Clear entry Record entry