Question: cost $ 2 9 , 1 2 0 and has a useful life of 1 0 years and no salvage value. Management has decided to

cost $29,120 and has a useful life of 10 years and no salvage value. Management has decided to use the double-decliningbalance method for this machine, which can be referred to as "Machine E."
Prepare the necessary correcting entries for the year 2026. Record the appropriate depreciation expense on the above-mentioned machines. No entry is necessary for Machine D.(If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round intermediate calculations to 3 decimal places, e.g.4.589 and final answers to 0 decimal places, eg.45,892. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)
No. Account Titles and Explanation
q,
(To record current depreciation)
q,
q,
q,
(To properly record the sale)
b.
c.
d.
(To correct the incorrect expensing of the asset in 2025)
coc
(To record depreciation)
Debit
q,
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cost $ 2 9 , 1 2 0 and has a useful life of 1 0

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