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Prepare necessary december adjusting journal entry to record

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On July 1, 2014, Delta Company purchased and placed in service a machine that cost $360,000. Delta estimated the service life to be 5 years or 25,000 units of output, with an estimated residual value of $6,000. During 2014, 2,600 units were produced.

Question 1: Prepare the necessary December 31, 2014, adjusting journal entry to record depreciation assuming Delta uses

Reference no: EM132589854

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