Maserati Corporation purchased a new machine for its assembly process on
August 1, 2010. The cost of this machine was $150,000. The company estimated
that the machine would have a salvage value of $24,000 at the end of its service
life. Its life is estimated at 4 years and its working hours are estimated at 21,000
hours.

e. For depreciation entries entered each month, what will be the adjusting
entry required for July 31, 2012 using the double-declining method?									check figure: fiscal year 3 monthly = 1,125.00
What will be the balance of the accumulated depreciation account after this
entry has been recorded?