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Quigley co. bought a machine on Jan 1,2016 for 1,399,900. It had a $122,600 estimated residual value and a 10-year life. An expense account was

Quigley co. bought a machine on Jan 1,2016 for 1,399,900. It had a $122,600 estimated residual value and a 10-year life. An expense account was debuted in the purchase date. Quigley uses straight line depreciation. This was discovered in 2018.

Design the entries related to the machine for 2018! Ignore taxes

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