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15 The Canliss Milling Company purchased machinery on January 2, 2016, for $800,000. A five year ife was estimated and no residual value was anticipated.

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15 The Canliss Milling Company purchased machinery on January 2, 2016, for $800,000. A five year ife was estimated and no residual value was anticipated. Canis decided to use the straight line depreciation method and recorded $60.000 in depreciation in 2016 and 2017. Early in 2018, the company changed its depreciation method to the sum of the years'digits (SYD) method Required 2. Prepare any 2018 journal entry related to the change of me entry is required for a transaction event, select "No journal entry required in the first account field) View transactions Journal entry worksheet Record the adjusting entry for depreciation in 2018 Note: Enter debts before se Event Debit Credit Medy

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