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Current Attempt in ProgressCullumber Company purchased a new machine on October 1 , 2 0 2 4 , at a cost of $ 1 6

Current Attempt in ProgressCullumber Company purchased a new machine on October 1,2024, at a cost of $165,000. The company estimated that the machinewill have a residual value of $8,400. The machine is expected to be used for 10,000 working hours during its 5-year life. CullumberCompany's year-end is December 31.Calculate the depreciation expense under the straight-line method for 2024.(Round to the nearest whole month.)2. Calculate the depreciation under the unit of production method for 2024 assuming machine usage was 1800 hours 3. Compute the depreciation expense under the diminishing balance method using double straight line rate for 2024 and 2025

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