On january 1, a company purchased equipment that cost $10,000. the company has not yet recorded depreciation, which is estimated at $1,800 per year. the company will prepare financial statements at the end of january. complete the necessary journal entry. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be: