On January 1, 2014, AJ Manufacturing paid $90,000 for a new machine that has an expected useful

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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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Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

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