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On January 1,2025, Sheridan Creek Country Club purchased a new riding mower for $15,700. The mower is expected to have a 10 year life with a $2,400 salvage value.
What journal entry would Sheridan Creek Country Club make on December 31,2025, if it uses straight-line depreciation? (List debit entry before credit entry. 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 0 for the amounts.)
\table[[Account Titles and Explanation],[Depreciation Expense],[Accumulated Depreciation'Equipment]]
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