Equipment was acquired on January 1, 2019 at a cost of $ 170,000. The equipment was originally estimated to have a salvage value of $ 24,000 and an estimated life of 10 years. Depreciation has been recorded through December 31, 2021 using the straight-line method. On January 1, 2022, the estimated salvage value was revised to $ 35,000 and the useful life was revised to a total of 8 years. Requried:
Prepare the journal entry to record depreciation expense for 2022.

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration