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Metlock, Inc. purchased a new machine on October 1,2022 , at a cost of $122,000. The company estimated that the machine will have a salvage

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Metlock, Inc. purchased a new machine on October 1,2022 , at a cost of $122,000. 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) 6 Your answer is incorrect. Compute the depreciation expense under straight-line method for 2022

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