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Cullumber Company purchased a new machine on October 1,2019, at a cost of $110,000. The company estimated that the machine will have a salvage value
Cullumber Company purchased a new machine on October 1,2019, at a cost of $110,000. The company estimated that the machine will have a salvage value of $10,000. The machine is expected to be used for 10,000 working hours during its 4-year life Compute the depreciation expense under straight-line method for 2019. (Round answer to O decimal places, e.g. 2,125.) 2019 Depreciation expense Compute the depreciation expense under units-of-activity for 2019, assuming machine usage was 1,500 hours. (Round depreciable cost per unit to 2 decimal places, eg. 0.50 and depreciation rate to 0 decimal places, eg. 15%. Round final answer to 2 decimal places, eg. 2,125.25. 2019 Depreciation expense Compute the depreciation expense under declining-balance using double the straight-line rate for 2019 and 2020. (Round answers to O decimal places,e.g. 2,125.) 2019 2020 Depreciation expense $ Attempts: 0 of 1 used c Save for Later Check
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