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Cheyenne Company purchased a new machine on September 1, 2022, at a cost of $128,000. The company estimated that the machine will have a
Cheyenne Company purchased a new machine on September 1, 2022, at a cost of $128,000. The company estimated that the machine will have a salvage value of $13,000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer is incorrect. Compute the depreciation expense under the Straight- line method for 2022, 2023, and 2024. (Round answers to O decimal places, e.g. 15250.) Depreciation expense for: 2022 = $ 2023=$ 2024 = $ T 5750
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