Question: On 1 / 1 / 2 0 , Macho Corp. pays $ 1 0 , 0 0 0 cash for a machine. The salvage value

On 1/1/20, Macho Corp. pays $10,000 cash for a machine. The salvage value of the machine is $2,612.18. The estimated useful life of the machine is 10 years. Macho depreciates the machine using the 200% declining-balance method and uses the half-year convention and adjusts its books annually.1. Record the purchase.2. Prepare the AJE at December 31,2020.3.
 Prepare the AJE at December 31,2021.4.  Prepare the AJE at December 31,2022. 

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