Question: Check my work Irwin, Inc..constructed a machine at a total cost of $42 million. Construction was completed at the end of 2014 and the machine

Check my work Irwin, Inc..constructed a machine at a total cost of $42 million. Construction was completed at the end of 2014 and the machine was placed in service at the beginning of 2015. The machine was being depreciated over a 10-year life using the straight-ine method. The residual value is expected to be $2 million. At the beginning of 2018, Irwin decided to change to the sum-of-the-years-digits method. lgnoring income taxes, prepare the journal entry relating to the machine for 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) View transaction list es Journal entry worksheet Record the entry relating to the machine for 2018. K Prev 3 of 9 Next> e to search Ef A 40) ENG 8//2018 1 ENG 1:39 AM
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