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3.Donna Co. bought a machine on January 1, 2019 for $3,000,000. It had a $260,000 estimated residual value and a ten-year life. An expense account

3.Donna Co. bought a machine on January 1, 2019 for $3,000,000. It had a $260,000 estimated residual value and a ten-year life. An expense account was debited on the purchase date. Donna uses straight-line depreciation. This was discovered in 2021.

Prepare the entries related to the machine for 2021. Ignore taxes.

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