Bumblebee Company purchased a new machine on June 30, 2025,…
Bumblebee Company purchased a new machine on June 30, 2025, by paying cash of $180,000. The machine has an estimated useful life of five years and an estimated salvage value of $18,000. What journal entry should Bumblebee record on December 31,2025 if depreciation is calculated using the straight -line method? Answer should be expressed as: DR (ACCOUNT NAME) $X,XXXCR (ACCOUNT NAME) $X,XXX No dates or explanations are needed.