Time left 0:17:44 On 1/7/2015, ABC Company purchased a machine for $52,000. The company expects to...
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Time left 0:17:44 On 1/7/2015, "ABC" Company purchased a machine for $52,000. The company expects to use the machine a total of 24,000 hours over the next 8 years. The estimated salvage value of the machine at the end of 8 years is $6,000. If the company used the machine 10,000 hours in 2015, 9,000 hours in 2016, and 9,000 hours in 2017. What is the depreciation expense for 2017 if the company uses double-declining-balance depreciation? Answer: Time left 0:17:44 On 1/7/2015, "ABC" Company purchased a machine for $52,000. The company expects to use the machine a total of 24,000 hours over the next 8 years. The estimated salvage value of the machine at the end of 8 years is $6,000. If the company used the machine 10,000 hours in 2015, 9,000 hours in 2016, and 9,000 hours in 2017. What is the depreciation expense for 2017 if the company uses double-declining-balance depreciation? Answer:
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