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Green Co. constructed a machine at a total cost of $62 20 millon Construction was completed at the end of 2014 and the machine was
Green Co. constructed a machine at a total cost of $62 20 millon Construction was completed at the end of 2014 and the machine was placed in service at the beginning of 2015. The machine was being depreciated over a 10 year ife using the sum-of the-years- digits method. The residual value is expecied to be $3.40 milion At the beginning of 2018, Green decded 10 change to the straight- ane method Required: 1. ignoring income taxes, what jounal entry(s) should Green record relating to the machine for 2018? 2 Suppose Green has been using the straight-ine method and swtches to the sum-of the-years-digns method Ignoring Income taxes, what journal entry s) should Green record relaung to the machine for 2018? Complete this question by entering your answers in the tabs below Requireg Requirad 2 1Required 2 Ignoring income taxes, what journal entry(s) should Green record relating to the machine for 20187 (1f no entry is required for a transaction/event, select "No journal entry required" in the first account held. Enter your answers in millions rounded to 2 decimal places (i.e., ,500,000 should be entered as 5.50).) Debit Credit No Event General Journal Depreciaton expense Required 2 K Prev 8 of 10 Next Requined 1Required 2 8 Ignoring income taxes, what journal entry(s) should Green record relating to the machine for 20187 (tf no entry is requirs transaction/ event, select No journal entry required" in the first account field. Enter your ansirers in milions rounded to2 (.e., 5,500,000 should be entered as 5.50).) Yiaw tansacion list Journal entry workshect Record the entry relating to the machine for 2018 using straight-line methed Note: Entar debits before credes Event General Journal Debit Credit Racord y Prev of 10 Next O Type here to search the straight-line method and switches to the sum-of-the years -digits method. Ignoring income taxes, nter your answers in millions rounded to 2 decimal places (ie.. 5,500,000 should be Suppose Green has been using what journal entry(s) should Green record relating to the machine for 20187 (If no entry is required for a transacti journal entry required" in the first account field. Enter your answers in millions rounded to 2d entered as 5.50).) Show less View transaction list Journal entry worksheet Record the entry relating to the machine for 2018 using sum-of-the-years- digits method. Notei Enter debits before credits General Journal Debit Credit Event Depreciation expense Aceu mulsted depreciabion Record entry Clear entry s PrevB of 10 Next
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