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Andreini Co. operates several cafes throughout the state. They are opening a new location and purchase an espresso machine for $14421 cash on January 1,
Andreini Co. operates several cafes throughout the state. They are opening a new location and purchase an espresso machine for $14421 cash on January 1, 2012. Andreini expects this machine to last 6 years and to get 635000 shots of espresso over the machine's life. At the end of the machine's life they estimate the salvage value will be $3475. Andreini will depreciate this espresso machine using the straight-line method. Now assume the first year has passed - it is December 31, 2012. No adjusting journal entries have been made related to this espresso machine. The adjusting journal entry on December 31, 2012 to record depreciation on the espresso machine is: dr. Depreciation expense cr. Accumulated depreciation For what dollar amount will this journal entry be made? (Enter your answer rounded to the nearest dollar.)
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