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History Current Attempt in Progress Pina Company purchased a new machine on September 1, 2022. at a cost of $138,000. The company estimated that the

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History Current Attempt in Progress Pina Company purchased a new machine on September 1, 2022. at a cost of $138,000. The company estimated that the machine will have a salvage value of $14,000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer is correct. Compute the depreciation expense under the Straight-line method for 2022 2023, and 2024. Round answers to decimal places, e s. 15250.) Depreciation expense for: 2022-$ 8267 2023 = $ 24600 2024 - $ 24800 Your answer is correct Compute the depreciation expense under the Units-of-activity for 2022, assuming machine usage was 870 hours. Depreciation expense for 2022 = $ 10788 e Textbook and Media List of Accounts Attempts: 2 of 3 used (c) Your answer is correct. Compute the depreciation expense under the Declining-balance using double the straight-line rate for 2022 2023 and 2024 (Round answers to o decimal places, eg. 15250.) Depreciation expense for: 2022-$ 18400 2023-$ 47840 2024 - $ 28704 (d) Assume the straight-line method is used. What amount of gain or loss would Pina recognize if they sell the asset for $63.000 on 1/1/25? $ eTextbook and Media List of Accounts Save for Later Attempts:0 of 3 used Submit Answer (e) The parts of this question must be completed in order. This part will be available when you complete the part above

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