Question 7 The entry to record equipment depreciation is: debit accumulated depreciation; credit equipment a debit accumulated depreciation; credit depreciation expense debit depreciation expense; credit equipment C debit depreciation expense; credit accumulated depreciation Question 8 residual value is $1,000. If the company keeps the A machine costing $15,000 was purchased. Delivery and installation cost $2.000 and the machine for its entire life, how much of the machine will be depreciated? $2.000 b $15.000 $16,000 C d $17.000