licies Current Attempt in Progress Pharoah Company purchased a new machine on October 1, 2022, at a cost of $138,000. The company estimated that the machine will have a salvage value of $22,000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Compute the depreciation expense under straight-line method for 2022. Depreciation expense $ eTextbook and Media Save for Later 2022 Assistance Used Attempts: 0 of 3 used Submit Answer

Pharoah Company purchased a new machine on October 1,2022, at a cost of $138,000. The company estimated that the machine will have a salvage value of $22,000. The machine is expected to be used for 10,000 working hours during its 5 -year life. (a) Compute the depreciation expense under straight-line method for 2022