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Exercise 9-6 Windsor, Inc. purchased a new machine on October 1, 2019, at a cost of $120,000. The company estimated that the machine will have
Exercise 9-6 Windsor, Inc. purchased a new machine on October 1, 2019, at a cost of $120,000. The company estimated that the machine will have a salvage value of $13,000. The machine is expected to be used for 10,000 working hours during its 4-year life. Compute the depreciation expense under straight-line method for 2019. (Round answer to 0 decimal places, e.g. 2,125.) 2019 Depreciation expense Compute the depreciation expense under declining-balance using double the straight-line rate for 2019 and 2020. (Round answers to 0 decimal places, e.g. 2,125.) 2019 Depreciation expense 2020
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