estion 3 (35 points) The Lexus Company supplier, Infinity aid $440,000 purchased a new machine on January 1, 2014. The 000(paid in cash. egal costs associated with the asset were cash). The machine has an est (paid in e of five years and an estimated salvage value of It is company policy to use for all of its machines. a. Record the journal entry related to the purchase of the asset. Also, record the depreciation expense in a journal entry. Include the classification of the accou clearly label your debits and credits. (15 points)