Current Attempt in Progress Concord Company purchased a new machine on October 1, 2022, at a...

Transcribed Image Text:

Current Attempt in Progress Concord Company purchased a new machine on October 1, 2022, at a cost of $114,800. The company estimated that the machine will have a salvage value of $14,800. The machine is expected to be used for 10,000 working hours during its 4-year life. (b) Your answer is incorrect. Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,500 hours. (Round intermediate calculations to 2 decimal places, e.g.10.12 and final answer to O decimal places, e.g. 2,125.) Depreciation expense 2022 6250 Current Attempt in Progress Concord Company purchased a new machine on October 1, 2022, at a cost of $114,800. The company estimated that the machine will have a salvage value of $14,800. The machine is expected to be used for 10,000 working hours during its 4-year life. (b) Your answer is incorrect. Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,500 hours. (Round intermediate calculations to 2 decimal places, e.g.10.12 and final answer to O decimal places, e.g. 2,125.) Depreciation expense 2022 6250