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Kingbird, Inc. purchased a new machine on October 1, 2022, at a cost of $133,000. The company estimated that the machine will have a salvage
Kingbird, Inc. purchased a new machine on October 1, 2022, at a cost of $133,000. The company estimated that the machine will have a salvage value of $19,500. The machine is expected to be used for 10,000 working hours during its 5-year life. Your answer is incorrect. Compute the depreciation expense under straight-line method for 2022. 2022 Depreciation expense $ eTextbook and Media Your answer is incorrect. Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,500 hours. (Round depreciable cost per unit to 2 decimal places, eg. 0.50 and final answer to O decimal places, e.g. 2.125.) 2022 Depreciation expense eTextbook and Media: X Your answer is incorrect. Compute the depreciation expense under declining-balance using double the straight-line rate for 2022 and 2023. Depreciation expense $ 2022 2023
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