ses: Score: 0.31 of 1 pt 6 of 6 (6 complete) HW Score: 71.78%, 4.31 of 6 pts itica 59-6 (similar to) Question Help CHA Assume that Metro Graphics paid $162,000 for equipment with a 18-year life and zero expected residual value. After using the equipment for seven years, the CHA company determines that the asset will remain useful for only five more years. Read the requirements. HE Requirement 1. Record depreciation expense on the equipment for year 8 by the straight-line method. Lan First, select the formula to calculate the company's revised depreciation expense on the equipment for year 8. Then enter the amounts and calculate the depreciation for year 8. (Enter "O" for items with a zero value.) Buil Revised Book value Residual value )/ Revised useful life remaining depreciation $ 99,000 0 $ 5 19,800 ) Furt Record tariation on the equipment for year 8. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Lurr Date Accounts and explanation Debit Credit Mac Cap w Fact Dep Choose from any list or enter any number in the input fields and then click Check Answer Part Check Answer Clear All 1 par remaining Cha