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Cullumber Company purchased a new machine on October 1,2025 , at a cost of $96,100. The company estimated that the machine has a salvage value
Cullumber Company purchased a new machine on October 1,2025 , at a cost of $96,100. The company estimated that the machine has a salvage value of $3,700. The machine is expected to be used for 88,000 working hours during its 10 -year life. (a) Your answer is incorrect. Compute depreciation using declining-balance using double the straight-line rate for 2025 and 2026. (Round answers to 2 decimal places, e.g 2,152.75.) 2025 2026 Depreciation using the declining-balance method $ $
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