Question 1 of 18 > -/1 = View Policies Current Attempt in Progress On July 1, 2021. Wildhorse Co purchases equipment for $28,800. The company uses straight-line depreciation. It estimates the equipment will have a 10-year life. Wildhorse Co. has a December 31 year end. Record the purchase of the equipment. (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 for the amounts) Date Account Titles and Explanation Debit Credit July 1/21 List of Accounts Calculate the amount of depreciation Wildhorse Co. should record for the year of the equipment purchase Amount of depreciation $ List of Accounts