what is the adjusting journal entry to record depreciation on Dec. 31, 2019 ( straight-line) ? what is the book value on Dec. 31. 2019 after adjusting entry?

Part 1 of 4 - Straight line Depreciation Speedless industries purchased machinery on January 1, 2019, at a total cost of $85,000. The machinery's estimated useful life is 5 years or 40,000 hours, and its and 2020, the machinery was used 7,000 and 7,500 hours, respectively. This information will be used for parts 1.2 and 3 of this problem. It will be repeated in each part Question 1 of 4 Calculate the depreciation expense for 2019 using the straight-line method. Show your calculations acer