Graded Problem 6(1)~ Formulas Data Review View Automate 11 3 A A = A Search (Alm Help AutoSave Off BE File Home Insert Page Layout 2. X Calibri Paste B IU- - Undo Clipboard Font 134 A XV fx B 1 BUS 20100 2 Graded Homework #6 3 Fall Semester 2022 4 5 C D E Name: Alignment G 6 Indy Corporation purchased a new machine to be used in its production process for $40,000 7 on January 1, 2021. The firm estimates the machine will have a 8 year life and has a salvage 8 value of $2,000. The firm also estimates that the machine will produce 10,000 units. The entry 9 to record the purchase of the machine on January 1, 2019 is given below (note that debited 10 account title is listed first followed by indented credited account title) 11 12 13 23 Account Titles 14 5678 17 18 15 Machinery Cash 16 Debit Credit $ 40,000 $ 40,000 19 Part A: record the adjusting entry for depreciation at the end of the first year 20 on December 31, 2021 using the straight-line method. 21 22 Account Titles Sheet1 Accessibility: Good to go Ready 31F Mostly sunny Debit Credit Search