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On April 21, 2015 Chinoo Chapaati purchased a customized vegetarian samosa cooker machine for $120.000 and it was estimated to have a useful life of

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On April 21, 2015 Chinoo Chapaati purchased a customized vegetarian samosa cooker machine for $120.000 and it was estimated to have a useful life of 12 years and a residual value of $30,000. During 2017, it was determined that the total useful life of the vegetarian samosa cooker should be revised to 16 years and the residual value decreased to $10,000 REQUIRED e Provide the journal entry to record depreciation expense on the machine for the year ended December 31, 2017

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