Ulica Machinery Company purchases an asset for 51,150,000. Alter the machine has been used for 25.000 hours, the company expects to sell the asset for $150.000. In Year 1. Utica Machinery Company uses the asset for 9,000 hours. Required: Prepare the journal entry to record the depreciation Prepare the journal entry to record the depreciation af December 31. General Journal Instructions PAGE 10 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT