Hillary Company purchased a new machine on September 1, 2007, at a cost of $96,000. The company
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Hillary Company purchased a new machine on September 1, 2007, at a cost of
$96,000. The company estimated that the machine has a salvage value of $6,000. The machine is expected to be used for 70,000 working hours during its 8-year life.
Instructions Compute the depreciation expense under the straight-line method for 2007 and 2008, assuming a December 31 year-end.
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9780471730514
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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