Question 18 (3 points) Saved On January 1, 2021, Moon Corporation purchased a machine for $10,000 on account. The company uses straight-line depreciation and estimates that the machine will have a eight-year useful life. The company has a December 31 year-end and adjusts its accounts annually REQUIRED: a Calculate the amount of depreciation for 2021 for the machine b. Prepare the adjusting journal entry required at December 31 Format BIVA oso od : .. 52 ACCOUNT TITLES AND DATE DEBIT CREDIT EXPLANATION ta