The equipment will be used on this and other research projects. Depreciation on the equipment for 2024 is $17,000. During your year-end revlew of the accounts related to Intanglbles, you discover that the company has capltalized all of the above as costs of the patent. Management contends that the device simply represents an Improvement of the existing communication system of the satellite and, therefore, should be capitalized. Required: Prepare correcting entries that reflect the approprlate treatment of the expenditures. Note: If no entry is required for a transaction/event, select "No journal entry required" In the flrst account fleld. Journal entry worksheet Requlred: Prepare correcting entrles that reflect the approprlate treatment of the expenditures. Note: If no entry Is required for a transactlon/event, select "No Journal entry required" In the flrst account fleld. Journal entry worksheet 3 Record the correcting entry for the equipment, if any. Note: Enter debits before credits. Required: repare correcting entries that reflect the approprlate treatment of the expenditures. Note: If no entry is required for a transaction/event, select "No Journal entry required" In the first account fleld. Journal entry worksheet Record the correcting entry to record depreciation on equipment used in R&D projects. Note: Enter debits before credits