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On July 1st 2023, Bulldozer Inc purchases a forklift for $65,000. The expected salvage value is $10,000 and the forklift is expected to have a

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On July 1st 2023, Bulldozer Inc purchases a forklift for $65,000. The expected salvage value is $10,000 and the forklift is expected to have a useful life of 10 years. Calculate the first years depreciation expense as of 12/31/2023, utilizing the double declining method, and book the JE of the depreciation below. A/C Account Description Debit Credit SE 4583.33 Depreciation Expen Accumlated Deprec A 4583.33

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