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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. Complete a depreciation schedule for the straight-line method. Prepare the fournal entry to record Year 2 depreciation. (it no entry is required for a trancactionveyent, snlect "No Joumal Entry Pequired" in then first account field.) Journal entry worksheet Record the adjusting entry for depreciation expense for Year 2 . Notes Enter debits before credits
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