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Rosetti Co. operates several cafes throughout the state. They are opening a new location and purchase an espresso machine for $16670 cash on January 1,
Rosetti Co. operates several cafes throughout the state. They are opening a new location and purchase an espresso machine for $16670 cash on January 1, 2012. Rosetti expects this machine to last 3 years and to get 318000 shots of espresso over the machine's life. At the end of the machine's life they estimate the salvage value will be $ 1667. Rosetti will depreciate this espresso machine using the double-declining balance method. For the year 2013, what amount would the dollar amount of the following adjusting journal entry made on December 31, 2013 be? dr. Depreciation Expense cr. Accumulated Depreciation (Round your answer to the nearest dollar.)
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