Rungano Corporation is a global publisher of magazines, books, and music, as well as video collections, and it is one of the world's

leading direct$-$mail marketers. Many direct$-$mail marketers use high$-$speed Didde press equipment to print their advertisements. These

presses can cost more than $$1$ million. Assume that Rungano owns a Didde press acquired at an original cost of $$400,000.$ It is being

depreciated on a straight$-$line basis over a $20-$year estimated useful life and has a $$50,000$ estimated residual value. At the end of

$2024,$ the press had been depreciated for eight years. On April $1,2025,$ a decision was made, on the basis of improved maintenance

procedures, that a total estimated useful life of $25$ years and a residual value of $$73,000$ would be more realistic. The fiscal year ends

December $31$

$1)$ Compute the amount of depreciation that should be recorded in $2025.$

$2)$ Prepare the adjusting entry to record depreciation expense at December $31,2025.$