Manning co bought a machine on january 1 2011 for 1050000

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Manning Co. bought a machine on January 1, 2011 for $1,050,000. It had a $90,000 estimated residual value and a ten-year life. An expense account was debited on the purchase date. Manning uses straight-line depreciation. This was discovered in 2013.

Instructions: Prepare the entry or entries related to the machine for 2013

Reference no: EM13594402

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