Togo's Sandwiches acquired equipment on April $1,2024,$ for $$18,000.$ The company estimates a residual value of $$2,000$ and a five$-$

year service life.

Required:

Calculate and record the year$-$end adjusting entry for straight$-$line depreciation expense for $2024$ and $2025,$ assuming a December $31$

year$-$end.

Complete this question by entering your answers in the tabs below.

Depreciation

expense

General

Journal

Record the year$-$end adjusting entry for straight$-$line depreciation expense for $2024$ and $2025,$ assuming a December $31$ year$-$end.

Note: If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.

Journal entry worksheet

Record the year$-$end adjusting entry for straight$-$line depreciation expense for

$2024,$ assuming a December $31$ year$-$end.

Note: Enter debits before credits.