Question: p can you please answer question 7 and 8 ? Slotkin Products purchased a machine for $65,000 on January 1, 2020. The company intends to

p can you please answer question 7 and 8 ? Slotkin Products

can you please answer question 7 and 8 ?

Slotkin Products purchased a machine for $65,000 on January 1, 2020. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5,000. 1. Make the journal entry at the end of 2023 2. What is the book value at the end of 2023 estion & Needs Grading Endeavor Company purchased equipment for $1,800,000. The estimated salvage value is $60,000, and the estimated useful life is 10,000 hours. Endeavor used the asset for 1,100 hours in the current year. The activity method will be used for depreciation. What is the entry to record depreciation expense

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