aloha company is starting its new fiscal year on july 1. the company has owned a specialized piece of equipment for three years that it depreciates using the straight-line method. the equipment was estimated to have a useful life of seven years, and the company feels that this estimate is still reasonable. which reversing entry should the company make on july 1 to reverse the adjusting entry recorded on june 30, the end of the fiscal year, for depreciation on the equipment?
