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Cullumber Comparty purchased a new machine on October 1, 2022, at a cost of $119,100. The company estimated that the machine has a salvage value
Cullumber Comparty purchased a new machine on October 1, 2022, at a cost of $119,100. The company estimated that the machine has a salvage value of $8,100. The machine is expected to be used for 110,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. Calculate the depreciation cost per hour. (Round answer to 2 decimal places, es $1.25) Depreciation cost per hour $ Units-of-activity for 2022, assuming machine usage was 470 hours. (Round answer to decimal places, eg 5.275.) Depreciation using the Units-of-activity method for 2022 $
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