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Question 44 View Policies Current Attempt in Progress Equipment was acquired on January 1, 2017 at a cost of $193,000. The equipment was originally estimated

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Question 44 View Policies Current Attempt in Progress Equipment was acquired on January 1, 2017 at a cost of $193,000. The equipment was originally estimated to have a salvage value of $25.000 and an estimated life of 10 years. Depreciation has been recorded through December 31, 2021 using the straight-line method. On January 1, 2022, the estimated salvage value was revised to $36,000 and the useful life was revised to a total of 8 years Prepare the journal entry to record depreciation expense for 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Depreciation expense for 2022 S Adjusting journal entry at 12/31/22: Debit Date Account Titles and Explanation Dec. 31 Attempts of 1 used Suwer Save for Later Assignment sent to Gradebook Your grade is being recorded

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