Question: Bird House Manufacturing (BHM) installed a computerized machine in its factory at a cost of $300,000 on July 1, 2023. The machine has an

Bird House Manufacturing (BHM) installed a computerized machine in its factory at

Bird House Manufacturing (BHM) installed a computerized machine in its factory at a cost of $300,000 on July 1, 2023. The machine has an estimated useful life of five years or a total of 200,000 units with a $30,000 residual value. BHM's year end is December 31 and adjusting entries are done annually. Calculate the depreciation expense using the Straight-Line depreciation method for 2023 and 2024. (2 marks) For 2023: T A/ For 2024: Prepare an adjusting journal entry to record depreciation for the year 2025 using your calculation for the Straight-Line depreciation method above. (2 marks) Dr. Cr. >>> A $ A/ $ SA A/

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