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Flounder Company purchased a new machine on October 1,2022 at a cost of $110,000. The company estimated that the machine will have a salvage value
Flounder Company purchased a new machine on October 1,2022 at a cost of $110,000. The company estimated that the machine will have a salvage value of $10,000. The machine is expected to be used for 10,000 working hours during its 4 -year life. (a) Compute the depreciation expense under straight-line method for 2022 Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,730 hours. (Round eTextbook and Media Attempts: 2 of 4 used (c) 6. Your answerisinkorrect. Compute the depreciation oxpense under declining, balance using double the straight -line rate for 2022 and 2023 . (Round final answers to 0 decimal places, es, 2.125.)
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