Join IDNLearn.com today and start getting the answers you've been searching for. Get timely and accurate answers to your questions from our dedicated community of experts who are here to help you.

on july 1, 2022, sunland company purchased new equipment for $92,800. its estimated useful life was 7 years with a $11,600 salvage value. on january 1,2025, the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage value of $5,800. (a) prepare the journal entry to record depreciation