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Blue Company purchased a new machine on September 1, 2022, at a cost of $141.000. The company estimated that the machine will have a salvage

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Blue Company purchased a new machine on September 1, 2022, at a cost of $141.000. The company estimated that the machine will have a salvage value of $14,000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer has been saved. See score details after the due date. Compute the depreciation expense under the Straight-line method for 2022 2023 and 2024. (Round answers to decimal places, eg. 15250.) 8.467 Depreciation expense for: 2022 = $ 2023 - $ 25,400 2024 = $ 25.400 Attempts: 1 of 1 used (d) Assume the straight-line method is used. What amount of gain or loss would Blue recognize if they sell the asset for $66,000 on 1/1/25 $ Save for Later Attempts: 0 of 1 used Submit

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