Question: On January 1 2014 AJ Manufacturing paid 90 000 for a

On January 1, 2014, AJ Manufacturing paid $90,000 for a new machine that has an expected useful life of 15 years. AJ Manufacturing has a December 31 year-end.
a. Journalize the adjusting entry to record depreciation on the new machine for 2015.
b. What is the net book value of the machine at December 31, 2015?

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  • CreatedSeptember 15, 2015
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