On July 1,2020,Delta Company purchased and placed in service a machine with a cost of $460,000.Delta estimated the service life to be 6 years or 60,000 units of output,with an estimated residual value of $80,000.During 2020,15,000 units were produced.Prepare the necessary December 31,2020,adjusting journal entry to record depreciation for 2020 assuming Delta uses the double-declining-balance method to the nearest whole month.Round all calculations to 4 decimals.

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The Answer of On July 1,2020,Delta Company purchased and placed in service a machine with a cost of $460,000.Delta estimated the service life to be 6 years or 60,000 units of output,with an estimated residual value of $80,000.During 2020,15,000 units were produced.Prepare the necessary December 31,2020,adjusting journal entry to record depreciation for 2020 assuming Delta uses the double-declining-balance method to the nearest whole month.Round all calculations to 4 decimals.

On July 1,2020,Delta Company Purchased and Placed in Service a Machine