wuaight-Line Depreciation Method Tinker's Toys is an upstart toy company treates eco-friendly toy trains using sustainably harvested wood and plant-based dyes. On January 9, 2012, Tinker's Toys purunased woodworking equipment for $222,000, estimating it to have a useful life of 5 years and a salvage value of $15,000. Tinker's Toys uses the sight-line depreciating method. Compute depreciation and prepare the necessary adjusting entries through December 31, 2013. Woodworking Equipment Debit Credit 222,000 Accumulated Depreciation Debit Credit Beg Depreciation Expense Debit Credit Beg 0 Beg 0 Bal. 222.000 Bal. 0 Bal 0 What is the amount of depreciation on the woodworking equipment in 2012? CHECK MY WORK SHOW SOLUTION Ask a Question Depreciation of Plant Asset Can you show me an example of how to do this calculation? ASK