Brief Exercise 11-3 (Part Level Submission)

Sheridan Company purchased machinery on January 1, 2017, for $87,200. The machinery is estimated to have a salvage value of $8,720 after a useful life of 8 years.

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(a)

[Correct answer.] Your answer is correct.

Compute 2017 depreciation expense using the sum-of-the-years'-digits method.

Depreciation expense $ [Entry field with correct answer]

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Attempts: 1 of 2 used

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(b)

Compute 2017 depreciation expense using the sum-of-the-years'-digits method, assuming the machinery was purchased on April 1, 2017. (Round answer to 0 decimal places, e.g. 5,125.)

Depreciation expense $

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