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Straight line depreciation method for this machine

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Reference no: EM13881740

1.Alteran Corporation purchased a machine for $1.5 million in 2010. The machine is being depreciated over a 10 year life using the sum of the years digits method. The residual value is expected to be $300,000. At the beginning of 2013, Alteran decided to change to the straight line depreciation method for this machine.

Required:
Prepare the 2013 depreciation adjusting entry.

Reference no: EM13881740

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