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answer b Sheffield Corp. purchased a new machine on October 1,2022 , at a cost of $129,000. The company estimated that the machine will have

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Sheffield Corp. purchased a new machine on October 1,2022 , at a cost of $129,000. The company estimated that the machine will have a salvage value of $17,500. The machine is expected to be used for 10,000 working hours during its 5 -year life. (a) Compute the depreciation expense under straight-line method for 2022. Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,640 hours. (Round depreciable cost per unit to 2 decimal places, es, 0.50 and final answer to 0 decimal ploces, es. 2.125

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