recoreded annual straight-line depreciation on the loader

Champion Contractors completed the following transactions and events involving the purchase and operation of equipment in its business 2017 1 Paid $310,000 cash plus $12,400 in sales tax and $1,900 in transportation you shipping point for Loader. The loader is estimated to have a four-year lite and a 531,000 salvage value. Loader costs are recorded in the upont account. Jan Yasd $3,000 to enclose the cab and install air-conditioning in the loader to enable operations under bare conditions. This increased the estimated salvage value of the Tonder by another 5800 Dec 31 Recorded annual straight-line depreciation on the loader. Par onces 2018 Jan. Paid $4,100 to overhaul the loadert endine, which increased the loaderte stimated us to life by two years Teb. 1) paid $1,200 to repair the loader after the operator backed it into a tree Dec. 31 corded annual straight-line depreciation on the loader. Required: Prepare journal entries to record these transactions and events. View transactions Journal entry worksheet 6 Recorded annual straight-line depreciation on the loader Nota: Enter debes before credits Dobi Credit General Journal Dec 31, 2018 Depreciation expense-Equipment 43,590