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A company purchased a machine for $192,000 on October 1,2024 . The estimated service life is 10 years with a $20,900 residual value. The company
A company purchased a machine for
$192,000
on October 1,2024 . The estimated service life is 10 years with a
$20,900
residual value. The company records partial-year depreciation based on the number of months in service. Depreciation expense for the year ended December 31, 2024, using straight-line depreciation, is: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount)\
$4,800
.\
$3,003
.\
$4,278
.\
$14,400
.
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