Irwin inc constructed a machine at a total cost of 35


Irwin, Inc., constructed a machine at a total cost of $35 million. Construction was completed at the end of 2009 and the machine was placed in service at the beginning of 2010. The machine was being depreciated over a 10-year life using the straight-line method. The residual value is expected to be $3 million. At the beginning of 2013, Irwin decided to change to the sum-of-the-years’-digits method. Ignoring income taxes, prepare the journal entry to record relating to the machine for 2013.

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: Irwin inc constructed a machine at a total cost of 35
Reference No:- TGS0998113

Expected delivery within 24 Hours