Wiater Company operates a small manufacturing facility. On January $1,2021,$ an asset account for the company showed

the following balances:

During the first week of January $2021,$ the following cash expenditures were incurred for repairs and maintenance:

Routine maintenance and repairs on the equipment

$$1,850$

Major overhaul of the equipment that improved efficiency

$24,000$

The equipment is being depreciated on a straight$-$line basis over an estimated life of $15$ years with a $$10,000$ estimated

residual value. The annual accounting period ends on December $31.$

Prepare the adjusting entry that should be made at the end of $2021$ for depreciation. $($If no entry is required for a transaction$/$

event, select $"$No Journal Entry Required" in the first account field.$)$

Answer is complete but not entirely correct.