Save Anom Question 7 5 points Lester Company purchases machine on Jan. 2. 2010, for $30,000. The machine has an estimated life of eight years or 50,000 units of production and an estimated residual value of $3,000. Lester uses a calendar fiscal year. The entry to record the amount of depreciation for 2010, using the double declining balance method, is 5,000 Cash(Dr) 5,000 Accumulated Depreciation - Equipment(Cr) Depreciation Expense(Dr) 7,500 Accumulated Depreciation - Equipment(Cr) Depreciation Expense(Dr) 5.500 Accumulated Depreciation - Equipment(Cr) 7,500 5,500 Depreciation Expense(Dr) Cash(CT) 4.500 4.500