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Prepare the journal entry to record year two depreciation

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Reference no: EM133168116

Question - Sushi Corporation bought a machine at the beginning of the year at a cost of $31000. The estimated useful life was five years and the residual value was $3,000.

Required -

1. Complete a depreciation schedule for the straight line method.

2. Prepare the journal entry to record Year 2 depreciation.

Reference no: EM133168116

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