Send to Gradebook Prey Nexl Question 1 --/1 View Policies Current Attempt in Progress On July 1, 2019, Crane Company purchased new equipment for $75,000. Its estimated useful life was 5 years witha $8,000 salvage walue. On December 31, 2022 the compay estimated that the equipment's remaining useful life was 10 years, with a revisesd salvage value of $5,000 Prepare the journal entry to record depreciation on December 31, enter 0 for the amounts) 2019. (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 Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Prepare the journal entry to record depreciation on December 31 2020. (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 0for the amounts Credit Account Titles and Explanation Debit eTextbook and Media List of Accounts Compute the revised annual depreciation on December 31. 2022. Revised annual depreciation 3650 eTextbook and Media List of Accounts Prepare the journal entry to record depreciation on December 31, 2022. (Credit occount 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.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Compute the balance in Accumulated Depreciation-Equipment for this equipment after depreciation expense has been recorded on December 31, 2022