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Question 5 of 1 0 On July 1 , 2 0 2 2 , Cullumber Company purchased new equipment for $ 1 0 2 ,

Question 5 of 10
On July 1,2022, Cullumber Company purchased new equipment for $102,400. Its estimated usefullife was 7 vears with a $12,800 salvage value On January 1,2025, the company estimated that the equipment s remaining useful life was 10 years, with a revised salvage vilue or 36,400.
Prepare the joumal entry to recerd depreciation on December 31,2022. Ust deblt entry befort credit entry Credit account titles ore dutomatically indented when amount is entered. Do not indent monually. II no entry is required, select "No Entry" for the account titles and enter ofor the amounts)
Account Treses and Explanation
Debit
Credit
eTextbook and Media
List of Accounts
Prepare the journal entry to record depreciation on December 31,2023. Wist debit entry before credit entry Credit occount vitles are automaticalily indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts)
Account Tites and Explanation
Debit
Credit
eTextbook and Media
List of Accounts
Compute the revised annual depreciation on December 31.2025.
Revised annual depreciation
s
eTextbook and Media
List of Accounts
Prepare the journal entry to record depreciation on December 31,2025.(Ulist debit entry before credit entrx Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts)
Account Titles and Explanation
Debit
Credit
eTextbook and Medis
List of Accounts.
Compute the balance in Accumulated Depreciation - Equipment for this equipment after depreciation expense has been recorded on December 31.2025.
Accumulated Depreciation-Equipment
$
eTextbook and Medla
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