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Question 18 (3 points) Saved On January 1, 2021. Moon Corporation purchased a machine...

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Question 18 (3 points) Saved On January 1, 2021. Moon Corporation purchased a machine for $10,000 on account. The company uses straight-line depreciation and estimates that the machine will have a eight-year useful life. The company has a December 31 year-end and adjusts its accounts annually REQUIRED: a. Calculate the amount of depreciation for 2021 for the machine b. Prepare the adjusting journal entry required at December 31 + .. oleo Format B I VA ACCOUNT TITLES AND DEBIT CREDIT DATE EXPLANATION

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