Remove Ads TOTAL Adbloc OS 3-9 (Algo) Adjusting for depreciation LO P1 For each separate case, record an adjusting entry of necessary) a. Barga Company purchases $34.000 of equipment on January 1. The equipment is expected to last five years and be worth $4.500 at the end of that time b. Welch Company purchases $11.400 of land on January 1 The land is expected to last forever Prepare the entries to record one year's depreciation expense of $5,840 for the equipment and what depreciation adjustment, if any. should be made with rospect to the Land account as of December 312 if no entry is required for a transaction/event, select "No Journal entry required in the first account field) Views Journal entry worksheet Record the depreciation adjustment on equipment on December 31 Generell Debe Cri MacBook Air 2. s . 15 6 7 B D R T Y u S F H Z X c v 3 B N M 26 Command MOREO comand option