A company purchase a piece of machinery on June 29, 2013 for $53,000. Freight cost to $800. It cost $1700 to install and test the machinery. At this time was estimated that machine would be used for 6 years and would have a residual value of $8,000 at that time.

Before reocrding the 2106 amortization, the onwer change the machinery from 6 years to only 5 years.

1. Calculate the amortization charges that would appear on the 2013 and 2014 income statement, using the straight line method of amortization.
2. Show the accumlation of the machine on December 2015.