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Cullumber Company purchased a new machine on October 1,2024 , at a cost of $189,000. The company estimated that the machine will have a residual
Cullumber Company purchased a new machine on October 1,2024 , at a cost of $189,000. The company estimated that the machine will have a residual value of $10,200. The machine is expected to be used for 10,000 working hours during its 5 -year life. Cullumber Company's year-end is December 31. Calculate the depreciation expense under the straight-line method for 2024. eTextbook and Media Calculate the depreciation expense under the units-of-production method for 2024, assuming machine usage was 1,300 hours. (Round depreciable amount per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, eg. 2,125. ) Compute the depreciation expense under the diminishing-balance method using double the straight-line rate for 2024 and 2025
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