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On January 1, 2017, the Pearl Company purchased a machine to be used in operations for $630,000. The machine has a useful life of

On January 1, 2017, the Pearl Company purchased a machine to be used in operations for $630,000. The machine has a useful life of 6 years and a salvage value of $0. The Pearl Company uses the sum-of-the-years digits method to depreciate the machine. Prepare the journal entries to record the depreciation expense of the machine recognized by Pearl Company for the years 2017 and 2018.

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