On January Hawalian Specialty Foods purchased equipment for $ Residual value at the end of an estimated fouryear service life is expected to be $ The company expects the machine to operate for a total of hours. The machine operated for hours in the first year and hours in the second year.
Record depreciation expense for the first two years using the activitybased method. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
Record the depreciation expense for the first year using the activitybased method.
Note: Enter deblits before credits.
tableDateGeneral Journal,Dobit,CreditYear
