Take me to the text adjusting entry on December 31, 2022, to record the equipment's depreciation using the straight-line depreciation method.
Do not enter dollar signs or commas in the input boxes.
Round your answer to the nearest whole number.
able[[Date,Account Title and Explanation,Debit,Credit],[2022,,,],[Dec 31,Depreciation Expense,17160,,],[,Accumulated Depreciation,,,],[,To record depreciation of the equipment,,,]]
Take me to the text
Gravel Inc. purchased a piece of heavy equipment on March 1, 2022, for $188,760. The useful life of the equipment is estimated to be 11 years, at which time the company expects it to be worthless. Prepare the adjusting entry on December 31, 2022, to record the equipment's depreciation using the straight-line depreciation method. Do not enter dollar signs or commas in the input boxes. Round your answer to the nearest whole number
Durte 2022
Account Title and Explanation
Debit
Credit
Dec 31
Depreciation Expense
17160
Accumulated Depreciation
17155
To record depreciation of the equipment
Check