what is the revised annual depreciation

On July 1, 2022, Wildhorse Co, purchased new equipment for $104,000. Its estimated useful life was 7 years with a $13,000 salvage value, On January 1,2025, the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage value of $6,500. (a) Your answer is correct Prepare the journal entry to record depreciation on December 31, 2022. (Uist debit entry before credit entry. Credit occount tities are automatically indented when amount is entered. Do not indent manualiy, if no entry is required, select " No Entry" for the account titles and enter O for the arnounts) Prepare the journal entry to record depreciation on December 31, 2023. (List debit entry before credit entry. Credit account titles are outomotically indented when amount is entered. Do not indent monually. If no entry is recuired, select "No Entry" for the account titles and enter O for the amounts: Compute the revised annual depreciation on December 31, 2025. Revised annual depreciation \$ eTextbook and Media List of Accounts Attempts: 0 of 3 used