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On January 2, 2016, Alpha Company acquired a new machine by signing a 5 year note for $62,000

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On January 2, 2016, Alpha Company acquired a new machine by signing

a 5 year note for $62,000. 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 accumulated depreciation after the fiscal year 2017 adjusting entry
– the book value of the machine after the fiscal year 2017 adjusting entry

 
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