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On Jamuary 1, the company purchased equipment that cost $10,000. The equipment is expected to...

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Accounting

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On Jamuary 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about for has a salvage value on $1,000 at the end of its useful life in five yesrs. The company uses straight-line depreciation. it hos not recorded any adjustments relating to thes equipment during the current year. Complete the nocessary December 31 joumal entry by selecting the account nomes from the pull-down menus and enteeing dollat amounts in the debit and credit columins

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