Prepare the entries related to the machine

Reference no: EM13786778

Quigley Co. bought a machine on January 1, 2013 for 1,399,600. It had a $119,800 estimated residual value and a 8 year life. An expense account was debited on the purchase date. Quigley uses straight -line depreciation. This was discovered in 2015. Prepare the entries related to the machine for 2015.

Reference no: EM13786778

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