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Please answer all three questions Journalize the adjusting entry for depreciation on Dec 31, 2021, using straight-line method: The machine was bought on Aug 1,2021

Please answer all three questionsimage text in transcribedimage text in transcribedimage text in transcribed

Journalize the adjusting entry for depreciation on Dec 31, 2021, using straight-line method: The machine was bought on Aug 1,2021 at $20,000, salvage value is estimated as $2,000 and useful life is estimated as 10 years. Journalize the adjusting entry for depreciation on Dec 31, 2021, using unit-of-production method: The machine was bought on Aug 1,2021 at $20,000, salvage value is estimated as $2,000 and total production is estimated as 10,000 hours. This year it has operated for 700 hours. Journalize the adjusting entry for depreciation on Dec 31, 2021, using double-declining balance method: The machine was bought on Jan 1, 2021 at $20,000, salvage value is estimated as $2,000 and useful life is estimated as 10 years

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