Answer:
Debit equipment for the amount of $140,000
Explanation:
Based on the information we were told that the industries purchased an equipment for the amount of $140,000 in which the equipment is expected to be use over the next 10 years which means that Recording this transaction would include a DEBIT to equipment for the amount of $140,000 which is the amount that was used to purchased the equipment.
Hence, we are going to Dr Equipment for $140,000
