Suppose if the question asks to prepare journal for Depreciation expense for 2028, we need to triple the number up? is that correct?

The 2nd image is the journal expense for 2025.

Assignment 2 Equipment was acquired on January 1, 2021, at a cost of $12,000. The equipment was originally estimated to have a salvage value of $1,000 and an estimated life of 10 years. Depreciation has been recorded through to December 31, 2024, using the straight-line method. On January 1, 2025, the estimated salvage value was revised to $1,200 and the useful life was revised to a total of 8 years. Required: Prepare the journal entries required to record the Depreciation expense for 2025. Assignment 3 0 Hw Pinetreee Company purchased equipment in 2021 for $40,000 and estimated a 54,000 salvage value at the end of the equipment's 10-year useful life. On December 31, 2027 there was $25,200 in the Accumulated Depreciation account after recording Depreciation for the year using the straight-line method. On March 1, 2028 the equipment was sold for $10,500 cash Required: Prepare the journal entries required to record the sale of the equipment by Johnson Company on March 1, 2028 Assignment 4 Lansdowne Company exchanged an old equipment on Dec 31 (cost $40,000 less $25,000 accumulated Depreciation) plus $2,500 cash for a new equipment. The old equipment had a market value of $13,000. Prepare the entry to record the exchange of assets by Lansdowne Company. 40 000 -250 I Cash : quired: Assignment 2 Cost: 12,000, salvage value 1,000 year : - Annual Rep.: 12,80 -, bet lo Accumulated Depreciation. 1,100.4.4.480 ( 4 your) Jan 1, 2025, revised: - Salvage nowe : 1.200, useful le :8, NBU : 12,000 -4,400 1,100 7,600 - Annual Dep: 1,600 - 1,200 $14 . op 1.600 Journal Accounts and Explaination Date 2025 Jan -01 1,600 Depreciation expens equipment Accumulated depreciation equipment 1600