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Sushi Corporation bought a machine at the beginning of the year at a cost of $39.000. The estimated useful life was five years and the
Sushi Corporation bought a machine at the beginning of the year at a cost of $39.000. The estimated useful life was five years and the residual value was $4.000. Required: 1. Complete a depreciation schedule for the straight-line method. 2 Prepare the journal entry to record Year 2 depreciation. Complete this question by entering your answers in the tabs below. Required: Required 2 Complete a depreciation schedule for the straight-line method. Balance Sheet Year Income Statement Depreciation Expense Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5 Red Required 2 > Sushi Corporation bought a machine at the beginning of the year at a cost of $39.000. The estimated useful life was five years and the residual value was $4.000. Required: 1. Complete a depreciation schedule for the straight-line method. 2 Prepare the journal entry to record Year 2 depreciation. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record Year 2 depreciation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction et Journal entry worksheet
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