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urrent Attempt in Progress Grouper Co . purchased a machine on January 1 , 2 0 2 3 , for $ 5 0 6 ,
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Grouper Co purchased a machine on January for $ At that time, it was estimated that the machine would have a year life and no salvage value. On December the firm's accountant found that the entry for depreciation expense had been omitted in In addition, management has informed the accountant that the company plans to switch to straightline depreciation, starting with the year At present, the company uses the sumoftheyears'digits method for depreciating equipment.
Prepare the general journal entries that should be made at December to record these events. Ignore tax effects.Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries.
To record depreciation expense for
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