Presented below is information related to equipment owned by Marigold Company at December 31,2025. Marigold...
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Accounting
Presented below is information related to equipment owned by Marigold Company at December 31,2025. Marigold intends to dispose of the equipment in the coming year. It is expected that the cost of disposal will be $20,800. As of December 31,2025 , the equipment has a remaining useful life of 5 years. (a). (b) Prepare the journal entry (if any) to record depreciation expense for 2026. (If no entry is required, select "No entry" for the account debit entry before credit entry.)
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