chapter 9

Requirea 1. Compute the cost of each machine. 2. Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: Estimates Machine Life Residual value Depreciation Method 4 years $1,000 Straight-line 30,000 hours 4,500 Units-of-production 10 years 1,400 Double-declining-balance A B C Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (If no entry is requ transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list View journal entry worksheet No 1 Transaction General Journal Debit Credit Depreciation Expense