On January 2, 2016, Alpha Company acquired a new machine
On January 2, 2016, Alpha Company acquired a new machine by signing
a 5 year note for $72,000. The estimated service life is eight years and the total units of output to be 200,000. The estimated residual value is $8,000. Using the straight-line method, how much is: (Enter only whole dollar values.)
-the 2017 depreciation expense
-the accumulate depreciation after the fiscal year 2017 adjusting entry
-the book value of the truck after the fiscal year 2017 adjusting entry