On April 1, 2011, the KB Toy Company purchased equipment to be used in its

Problem 11-4 Partial-year depreciation; asset addition; increase in useful life [LO11-2, 11-5, 11-9]On April 1, 2011, the KB Toy Company purchased equipment to be used in its manufacturing process. Theequipment cost $48,000, has an eight-year useful life, and has no residual value. The company uses the straight-linedepreciation method for all manufacturing equipment.On January 4, 2013, $12,350 was spent to repair the equipment and to add a feature that increased its operatingefficiency. Of the total expenditure, $2,000 represented ordinary repairs and annual maintenance and $10,350represented the cost of the new feature. In addition to increasing operating efficiency, the total useful life of theequipment was extended to 10 years.Required:1. Prepare journal entries for the depreciation for 2011 and 2012. (If no entry is required for a transaction,select "No journal entry required" in the first account field.)