Question

Alteran Corporation purchased a machine for 1.5 million in 2006. The machine is being depreciated over a 10-year life using the sum-of-the-years'-digits method. The residual value is expected to be $300,000. At the beginning of 2009, Alteran decided to change to the straight-line depreciation method for this machine.

Prepare the 2009 depreciation adjusting entry.

Answer 1

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Answer 2

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