On July 1, 2014, Delta Company purchased and placed in service a machine that

cost $360,000. Delta estimated the service life to be 5 years or 25,000 units of

output, with an estimated residual value of $6,000. During 2014, 2,600 units

were produced.

Prepare the necessary December 31, 2014, adjusting journal entry to record

depreciation assuming Delta uses