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what is the adjusting entry for: OnMay5,Billpurchasedalawnmowerfor$300andanaeratorfor$500.Heestimates$0salvagevalueforbothpiecesofequipmentandanestimatedtwo-yearlifeforboth. can you please explain the formula?

what is the adjusting entry for:

OnMay5,Billpurchasedalawnmowerfor$300andanaeratorfor$500.Heestimates$0salvagevalueforbothpiecesofequipmentandanestimatedtwo-yearlifeforboth.

can you please explain the formula?

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