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Required information [The following information applies to the guestions displayed below] At the beginning of the year. Algernon Companies bought three used machines. The machines
Required information [The following information applies to the guestions displayed below] At the beginning of the year. Algernon Companies bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were cifferent, each was recorded 5 eparately in the accounts: Detalls for Machine A are provided below 7. Prepare the journal entry to record year 2 clouble deciling balance depreciation expense for Machine C.witich has a cost of $25.600, an estimated ife of 10 years, and $1,400 lesidual value (if no entry is required for o tronsaction/event. select "No Journol Entry Required" in the first occount fleld.)
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