Question: Problem #2: Duluc Company purchases a factory machine at a cost of $18,000 on January 1, 2017. Duluc expects the machine to have a salvage

Problem #2: Duluc Company purchases a factory machine at a cost of $18,000 on January 1, 2017. Duluc expects the machine to have a salvage value of $2,000 at the end of its 4-year useful life. Required: Provide the annual depreciation expense and book values for 2017, 2018, 2019, and 2020 using straight-line depreciation method. Provide the journal entries for 2017 and 2020 (2018 and 2019 have entries but not required) Year Annual Depreciation Book Value Journal Entries 2017 Dr. Cr. 2018 2019 2020 Dr. Cr

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