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A company purchased a machine on January of the current year for $1, 500,000. Calculate the annual depreciation expense for each year of the machine's
A company purchased a machine on January of the current year for $1, 500,000. Calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 40,000 hours, with a salvage value of $150,000). During the machine's 5-year life its hourly usage was: 4,000; 8,000; 16,000; 10,000; and 2,000 hours. In the spaces below indicate the amount of annual depreciation expense. DO NOT provide the undepreciated balance
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