yestion Completion Status: 46. SO 670 66 90 100 101 12 13 A 15 16 18 192 QUESTION 18 Make necessary journal entries for the following events. Assume the firm recognizes depreciation expense annually. On January 1, 2010, Hampton purchased equipment at a cost of $400,000. The installation cost is $20,000. The equipment has a 10 year life and an expected salvage value at the end of 10 years of $20,000. 2. On January 1st, 2011, Hampton revised the useful life of the computers to a total of 14 years to replace the original assumption of 10 years and the salvage value to $30,000, B. On March 31, 2012, Hampton sold the equipment for $ 320,000. Arial 3 (12pt) TT Paragraph MEET HTML CSS Mashups Save Click Save and submit to save and submit Click Save All Answers to save all answers