Question: Question 2 A machine costing $ 5 7 , 0 0 0 with a 6 - year life and $ 5 , 0 0 0

Question 2
A machine costing $57,000 with a 6-year life and $5,000 residual value was purchased January 1,2024.
Compute the yearly depreciation expense using straight-line depreciation. How would you record the depreciation expense in year 1 and 2?

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