Answer: Samuel company will record $20,400 as depreciation for the equipment in the adjusting entry.
We follow these steps to arrive at the answer:
We have
Cost of the equipment : $224,000
Salvage value : $20,000
Useful life : 10 years
Since the company uses Straight-line method of depreciation, we can find the value of depreciation with the following formula:

In the formula above, the numerator (Cost of the asset - Salvage Value) is also known as the asset's depreciable cost.
Substituting the values from the question in the formula above, we get,


