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On January 1, 20X1. Apogee Corp. purchases for $101,700 a machine with an estimated useful life of 3 years and a residual value of $4,500.

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On January 1, 20X1. Apogee Corp. purchases for $101,700 a machine with an estimated useful life of 3 years and a residual value of $4,500. Apogee uses Sum of the Years Digits Method of depreciation. REQUIREMENT 1: Complete the table below. Be sure to show vour work. WORKSPACE: REQUIREMENT 2: Prepare the adjusting journal entry to record 20X1 depreciation expense

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