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E9.7 Determine straight line depreciation for partial period. Gotham Company purchased a new machine on October 1, 2025, at a cost of $90,000. The company
E9.7 Determine straight line depreciation for partial period. Gotham Company purchased a new machine on October 1, 2025, at a cost of $90,000. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 70,000 working hours during its 10 -year life. Instructions Compute the depreciation expense under the straight-line method for 2025 and 2026, assuming a December 31 vear-end. NOTE: Enter a formula, a cell reference, or a value (if you are unable to reference a cell), into the yellow shaded input cells. Cost Salvage value Depreciable cost Useful life in years Annual depreciation 2025 Depreciation 2026 Depreciation
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