Store Equipment of $40,000 was purchased 3 years ago, has a salvage value of $2,000 and an estimated useful life of 10 years. Using the Straight-Line Depreciation Method, what would be the adjusting entry for one month? Date Dec. 31 GENERAL JOURNAL Account Debit PAGE 1 Credit

Store Equipment of $40,000 was purchased 3 years ago, has a salvage value of $2,000 and an estimated useful life of 10 years. Using the Straight-Line Depreciation Method, what would be the adjusting entry for one month